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D Question 1 1 pts Wilma is considering opening a widget factory. The unlevered cost of equity for making widgets is 0.11. This factory would

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D Question 1 1 pts Wilma is considering opening a widget factory. The unlevered cost of equity for making widgets is 0.11. This factory would cost $24 million to set up, and would produce EBIT of $3 million per year for the foreseeable future. She is thinking of applying for a $2 million subsidized perpetual loan to finance this project. Complying with the auditing requirements of this loan would have a present value of $1 million. This loan would have a rate of 0.06, while the rate she could get from the bank is 0.07. Her tax rate is 0.41. What is the NPV of this project, using the APV method

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