Question: Consider a project lasting one year only. The initial outlay is $1,600 and the expected inflow is $1,950. The opportunity cost of capital is r

Consider a project lasting one year only. The initial outlay is $1,600 and the expected inflow is $1,950. The opportunity cost of capital is r = .21. The borrowing rate is rD = .11, and the tax shield per dollar of interest is Tc = .34. (Leave no cells blank - be certain to enter "0" wherever required. A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.)

a. What is the projects base-case NPV?

Base-case NPV $ 11.57

b. What is its APV if the firm borrows 50% of the projects required investment?

Adjusted present value $

Need help with question B. I already got A

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