Consider a project to produce solar water heaters. It requires a $10 million investment and offers a level after-tax cash flow or $1.57 million per year for 10 years. The opportunity cost of capital is 9.65%, which reflects the project's business risk. a. Suppose the project is financed with $7 million of debt and $3 million of equity. The interest rate is 5.45% and the marginal tax rate is 34% An equal amount of the debt principal will be repaid in each year of the project's 10-year life Calculate APV. (Enter your answer in dollars, not millions of dollars. Do not round intermediate calculations. Round your answer to the nearest whole number.) Adjusted present value b. If the firm ncurs issue costs of $400 000 to raise the S3 mil on o required equity what will be the AP Enter your answer in dollar no millions of dollars. und intermediate calculations. Round your answer to the nearest whole number.) Adjusted present value