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You are an American firm considering opening a factory in Ireland. You believe that your initial costs will be $ 5 million, and your expected

You are an American firm considering opening a factory in Ireland. You believe that your initial costs will be $5 million, and your expected after-tax cash flows will be $450,000/year for 25 years. You estimate an all-equity Beta of .8, that the risk-free rate is 5%, and that the market risk-premium is 7%. You are subject to a 21% tax rate. If you finance only with equity, which answer below is closest to your APV?
Group of answer choices
$-2,059,696
$-1,096,719
$ -182,309
$ 303,030
None of the Above.

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