Question: Please give a detailed solution process. thank you Question 3 0/1 pts Roger has a levered cost of equity of 0.24. He is thinking of
Please give a detailed solution process. thank you

Question 3 0/1 pts Roger has a levered cost of equity of 0.24. He is thinking of investing in a project with upfront costs of $8 million, which pays $2 million per year for the next 3 years. He is going to borrow $5 million to offset the startup costs at a rate of 0.04. His tax rate is 0.4. He will repay this loan at the end of the project. What is the NPV of this project, using the FTE method? You Answered -3,833,246 Correct Answer -3,482,629 margin of error +/- 10,000
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