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DIY Inc. wants to raise $138,376 perpetual debt to invest in a new project. DT Bank offers a subsidized interest rate of 0.029. DIY's asset

DIY Inc. wants to raise $138,376 perpetual debt to invest in a new project. DT Bank offers a subsidized interest rate of 0.029. DIY's asset beta and equity beta are 0.832 and 1.133 respectively. Its debt to asset ratio is 0.46 and tax rate is 0.3. The market risk premium is 0.06 and risk-free rate is 0.025. What is the NPV of this financing?

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