MVP, Inc., has produced rodeo supplies for over 28 years. The company currently has debt-equity ratio of 56% and the tax rate is 33%. The required return on the firm's levered equity is 17%. The company is planning to expand its production capacity. The equipment to be purchased is expected to generate the following unlevered cash flows: Year Cash Flow 0 -$15756664 1 $5570494 2 $9211287 3 $8170814 The company has arranged a debt issue of $9228564 to partially finance the expansion. Under the loan, the company would pay interest of 8.0% at the end of each year on the outstanding balance at the beginning of the year. The company also would make year-end principal payments of one third of the debt, completely retiring the issue by the end of the third year. Compute the adjusted present value