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Excel Project You are planning to issue debt to finance a new project. The project will require $ 2 0 million in debt financing and

Excel Project You are planning to issue debt to finance a new project. The project will require $20 million in debt financing and you estimate its NPV to be $15 million. The issue costs for the debt will be 3% of face value. Taking into account the costs of extemal debt financing, what is the NPV of the project?
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