Question: * Keep at least 4 decimal places for all calculations. * ABC borrows $ 1 2 , 5 8 5 at a subsidized rate of

*Keep at least 4 decimal places for all calculations.* ABC borrows $12,585 at a subsidized rate of 3.6% to invest in a project. The project lasts for 14 years and ABC repays the loan at the end of the project. If ABC's cost of debt is 7.7% and the tax rate is 30%, calculate the NPV of this loan financing.

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