Avco is investing $200 million in a new project. To finance this investment the company will issue $200 million of new debt in the form of a 7year bond. The bond will be repaid in one bullet payment after 7 years. The cost of debt associated with this bond is 3% and the marginal corporate tax rate of Avco is 25%. Using the APV method, what is the present value of the tax shields (V.) associated with this project? Select one L 850 million OIL 51.46 million O III. 51.50 million DF IV.528.04 million HC OV. 59.35 million