A firm has a project with an NPV of $47,000, assuming all-equity financing, To finance the project, $1 million is borrowed at 10 percent interest, Interest on the loan is paid annually, and the principal is repaid in five years at the end of the loan's term. The firm's tax rate is 21 percent. Calculate the project's adjusted present value. $126,607 $119.941 $100,123 $ 114,607 $80,304