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Great Catch Corp takes out a 5-year $50M loan requiring annual interest payments and a repayment of the principal at the maturity of the loan.

Great Catch Corp takes out a 5-year $50M loan requiring annual interest payments and a repayment of the principal at the maturity of the loan. Find the NPV of financing if the fair market interest rate on the loan is 10%, but the firm is paying only 8%. The tax rate is 40%

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