Intro A project will cost $50 in year 0 and generate earnings before interest, taxes and depreciation of $30 in year 1, $20 in year 2 and $20 in year 3. The inital cost is to be linearly depreciated over three years. The company has a marginal corporate income tax rate of 21% and the unlevered cost of capital for the project is 12%. Part 1 |- Attempt 1/3 for 10 pts. What is the NPV of the project if the firm is all equity-financed? 2+ decimals Submit Part 2 |- Attempt 1/3 for 10 pts. What is the APV of the project if the firm raises $20 initially at an expected interest rate of 5%? The company will pay interest in years 1, 2 and 3 and pay off the loan in year 3. 2+ decimals