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Return to question 4 = A project costs $1 million and has a base-case NPV of exactly zero (NPV = 0). (A negative answer should
Return to question 4 = A project costs $1 million and has a base-case NPV of exactly zero (NPV = 0). (A negative answer should be indicated by a minus sign. Enter your answers in dollars, not millions of dollars.) a. If the firm invests, it has to raise $540,000 by a stock issue. Issue costs are 15.85% of net proceeds. What is the project's APV? Answer is complete but not entirely correct. Adjusted present value $ 54,000
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