Question
A project costs $4 million and has a base-case NPV of exactly zero (NPV = 0). If the firm invests,it has to raise $202475 by
A project costs $4 million and has a base-case NPV of exactly zero (NPV = 0). If the firm invests,it has to raise $202475 by a stock issue. Issue costs are 15% of net proceeds. What is the project's APV? Round to the nearest dollar.
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Financial Statement Analysis & Dividend Investing
Authors: Andrew P.C.
1st Edition
1075873940, 978-1075873942
