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igital Organics (DO) has the opportunity to invest $1.04 million now (t=0) and expects after-tax returns of $640,000 in t=1 and 740,000 in t=2. The

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igital Organics (DO) has the opportunity to invest $1.04 million now (t=0) and expects after-tax returns of $640,000 in t=1 and 740,000 in t=2. The project will last for two years only. The appropriate cost of capital is 10% with all-equity financing, the borrowing ate is 6%, and DO will borrow $340,000 against the project. This debt must be repaid in two equal installments of $170,000 each. ssume debt tax shields have a net value of $0.35 per dollar of interest paid. alculate the project's APV. (Enter your answer in dollars, not millions of dollars. Do not round intermediate calculations. Round our answer to the nearest whole number.)

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