Feta plc is considering investing in a new project. The project has a NPV of 2 million, assuming all equity financing. To finance the project, 15 million debt is issued with associated flotation costs of 100,000. The flotation costs will be amortised over the projects 7-year life. The interest rate on the loan is 8% with principal repaid in a lump sum at the end of the seventh year. If the firm's tax rate is 20%, show your detailed calculation of the project's Adjusted Present Value