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Digital Organics (DO) has the opportunity to invest $0.90 million now (t = 0) and expects after-tax returns of $500,000 in t = 1 and

Digital Organics (DO) has the opportunity to invest $0.90 million now (t = 0) and expects after-tax returns of $500,000 in t = 1 and $600,000 in t = 2. The project will last for two years only. The appropriate cost of capital is 12% with all-equity financing, the borrowing rate is 8%, and DO will borrow $200,000 against the project. This debt must be repaid in two equal installments. Assume debt tax shields have a net value of $0.30 per dollar of interest paid. Calculate the projects APV. (Do not round intermediate calculations. Rounddown your answer to the nearest whole dollar.)

Please post all parts with the table of info including

year, debt outstanding, interest, interest tax shield, and PV of tax shield for years 1 and 2

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