Liverpool Corporation is evaluating a potential project that promises $100,000 in free cash flow in each of the next three years. The project will be partially funded by a constant $1 million dollars in debt at a 6% interest rate over the three-year period. Liverpools all-equity cost of capital (KA) is 10%, and its tax rate is 25%. Assuming that interest tax shields are the only important side effect of financing and that they should be discounted at the after-tax cost of debt, what is the APV of this project? Multiple Choice $293,685 $263,039 $289,920 $288,780 $274,440