Halcyon Lines is considering the purchase of a new bulk carrier of $6.9 million. The forecasted revenue are $6.7 million a year and operating cost are $5.7 million. A major refit costing $3.7 million will be required after both the fifth and tenth years. After 15 years, the ship is expected to be sold for scrap at $3.2 million. What is the net present? b. Halcyon could finance the ship by borrowing the entire investment at an interest rate of $4.5%. Will the borrowing opportunity affect your calculation of NPV?