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You have the opportunity to invest in a project with an initial costs of $100,000 which has an estimated IRR of 13.8%. While you require

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You have the opportunity to invest in a project with an initial costs of $100,000 which has an estimated IRR of 13.8%. While you require a 16% rate of return on your personal capital, you can arrange debt financing at a pre-tax rate of 6%. Since the project would be organized as a corporation, it would pay a 20% tax rate on the profits it generates but interest on any debt would also be tax deductible. What is the minimum amount of debt ($$) that you need to borrow to get NPV to zero

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