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ABC borrows $11,821 at a subsidized rate of 2.3% to invest in a project. The project lasts for 13 years and ABC repays the loan
ABC borrows $11,821 at a subsidized rate of 2.3% to invest in a project. The project lasts for 13 years and ABC repays the loan at the end of the project. If ABC's cost of debt is 7.3% and the tax rate is 31%, calculate the NPV of the this loan financing.
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