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ABC borrows $12,990 at a subsidized rate of 3.4% to invest in a project. The project lasts for 15 years and ABC repays the loan
ABC borrows $12,990 at a subsidized rate of 3.4% to invest in a project. The project lasts for 15 years and ABC repays the loan at the end of the project. If ABC's cost of debt is 7.8% and the tax rate is 33%, calculate the NPV of the this loan financing. Keep at least 4 decimal places for all calculations.
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