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Hey I need help with this problem, if you can provide detail on how you got the answer thats be great! You are planning to
Hey I need help with this problem, if you can provide detail on how you got the answer thats be great! 
You are planning to issue debt to finance a new project. The project will require $20.29 million in financing and you estimate its NPV to be $14.634 million. The issue costs for the debt will be 2.9% of face value. Taking into account the costs of external financing, what is the NPV of the project? The new NPV will be $ (Round to the nearest dollar) Step by Step Solution
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Developments In Entrepreneurial Finance And Technology
Authors: David B. Audretsch, Maksim Belitski, Nada Rejeb, Rosa Caiazza
1st Edition
1800884338,1800884346
