Question: ABC borrows $ 1 2 , 6 9 7 at a subsidized rate of 3 . 6 % to invest in a project. The project

ABC borrows $12,697 at a subsidized rate of 3.6% to invest in a project. The project lasts for 13 years and ABC repays the loan at the end of the project. If ABC's cost of debt is 6.6% and the tax rate is 35%, calculate the NPV of this loan financing. For numerical answers:
(1) Keep at least 4 decimal places for all calculations.
(2) Round your final answers to 4 decimal places. For example, if your answer is -$1,234.56789, please enter -1234.5679.
(3) Do not enter your answers in percentage. All answers are in decimal. For example, if your answer is 12.34567%, please enter 0.1235.

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