A company is looking to invest in a project that will have a total initial...

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Accounting

A company is looking to invest in a project that will have a total initial investment of 300,000. 86,000 of this would be financed through equity while the rest will be raised through debt. If this project has an NPV of 23,000 and the corporate tax rate is 22%, what is the APV of this project?

a) 70,080

b) 24,080

c) -24,080

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