A project has a NPV, assuming all equity financing, of $2 million.To finance the project, debt is issued with associated flotation costs of $63 thousand.The flotation costs can be amortized over the project's 5year life.The debt of $9million is issued at11% interest, with principal repaid in a lump sum at the end of the last year.If the firm's tax rate is 22%, calculate the project's APV ($million).