You are valuing a project for Gila Corporation using the APV method. You already found the net present value of free cash flows from the project $($discounted at the appropriate cost of equity$)$ to be $$570,000.$ The only important side effect of financing is the present value of interest tax shields. The project will be partially financed by a constant $$1$ million in debt over the life of the project, which is three years. Gila$$s tax rate is $35$ percent, and the current interest rate applicable for the project$$s debt is $8$ percent $($assume this rate is also appropriate for discounting the interest tax shields$).$ Assuming tax shields are realized at the end of each year, what is the APV of the project?

Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar.You are valuing a project for Gila Corporation using the APV method. You already found the net present value of free cash flows from

the project $($discounted at the appropriate cost of equity$)$ to be $$570,000.$ The only important side effect of financing is the present

value of interest tax shields. The project will be partially financed by a constant $$1$ million in debt over the life of the project, which is

three years. Gila's tax rate is $35$ percent, and the current interest rate applicable for the project's debt is $8$ percent $($assume this rate is

also appropriate for discounting the interest tax shieldsi. Assuming tax shields are realized at the end of each year, what is the APV of

the project?

Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar.

Answer is complete but not entirely correct.