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Today is January 1 , 2 0 0 9 . The state of Iowa has offered your firm a subsidized loan. It will be in
Today is January The state of Iowa has offered your firm a subsidized loan. It will be in the amount of $ at an interest rate of percent and have ANNUAL amortizing payments over years. The first payment is due today and your taxes are due January of each year on the previous year's income. The yield to maturity on your firm's existing debt is percent.
What is the denominated NPV of this project? I did not round my intermediate steps, if you did, select the answer closest to yours.
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