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A project costs $1 million and has a base-case NPV of exactly zero (NPV = 0). a. If the firm invests, it has to raise

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

a.

If the firm invests, it has to raise $620,000 by a stock issue. Issue costs are 18% of net proceeds. What is the project

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