Consider a project lasting one year only. The initial outlay is $$1,000$ and the expected inflow is $$1,200.$ The opportunity cost of capital is r $=0\mathrm{.}20.$ The borrowing rate is rD$=0\mathrm{.}11$ and the tax shield per dollar of interest is Tc$=0\mathrm{.}21$

What is the project$$s base$-$case NPV$?$

What is its APV if the firm borrows $29\%$ of the project$$s required investment?