Consider a project lasting one year only. The initial outlay is $$1,000$ and the expected inflow is $$1,200$ post$-$tax. The opportunity cost of capital r $=0$:$20.$ The borrowing rate is rD $=0$:$10,$ and the net tax shield perdollar of interest is t $=$ tc $=0$:$35.$ Suppose the frm

borrows $30\%$ of the project$$s value$($including tax shields$).$ What is the project's APV?