Question: Chapter 13 - Q5: Please answer this Finance related question below! Thank you! You are planning to issue debt to finance a new project. The

Chapter 13 - Q5: Please answer this Finance related question below! Thank you!

You are planning to issue debt to finance a new project. The project will require $19.98 million in financing and you estimate its NPV to be $15.605 million. The issue costs for the debt will be 3.1% of face value. Taking into account the costs of external financing, what is the NPV of the project? The new NPV will be $. (Round to the nearest dollar.)

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