A project costs $$1$ million and has a base$-$case NPV of exactly zero $($NPV $=0).$

Note: A negative answer should be indicated by a minus sign. Enter your answers in dollars, not millions of dollars.

If the firm invests, it has to raise $$640,000$ by a stock issue. Issue costs are $18\mathrm{.}03\%$ of net proceeds. What is the project$$s APV?

If the firm invests, there are no issue costs, but its debt capacity increases by $$640,000.$ The present value of interest tax shields on this debt is $$90,000.$ What is the project$$s APV?