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You are planning a new project that is to be entroly financed by issuing new debt. The projoct will require $19.16 million in finanong and

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You are planning a new project that is to be entroly financed by issuing new debt. The projoct will require $19.16 million in finanong and you estmate its NPV bo be $14.446 milion the issue costs for the debt wili be 2.8% of face walue. Takng into account the costs of extemal financing. what is the NPV of the project? The new NPV will be 1 (Round to the nearest dolar.)

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