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1. The Firm F was planning to raise $2.5 million in perpetual debt at 1 percent. However, they just received an offer from the governor of a nearby state to raise the financing for them at8 percent if they locate a new facility in that state. What is the total value added from debt financing if the tax rate is 34 percent and the state subsidizes the loan for the company? 2. A firm has a project with an NPV of -$52 million. If it has access to risk-free government financing that can create a permanent annual tax shield of $5 million. What is the APV of the project assuming the risk-free interest rate is 6 percent