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ABC borrows $13,364 at a subsidized rate of 2.9% to invest in a project. The project lasts for 11 years and ABC repays the loan
ABC borrows $13,364 at a subsidized rate of 2.9% to invest in a project. The project lasts for 11 years and ABC repays the loan at the end of the project. If ABC's cost of debt is 6.5% and the tax rate is 30%, calculate the NPV of this loan financing. Round your final answers to 4 decimal places.
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