Question 5 5 points Save Answer Bore Industries is considering investing $55 million into a new project. The projected free cash flows from the project are shown in the table below. In order to finance the project, Bore will issue a 5-year bond with a face value of $60 million that will be repaid in one bullet payment at the end of five years (as shown in the table below). The cost of debt on the bond is 3.596, Bore's unlevered cost of capital is 1296, and its marginal corporate tax rate is 25%. Using the APV method, what is the NPV of the project? (Select one) Year 5 Free Cash Flows for New Project (in $ million) 0 2 4 FCF (in $ millions) (55.00 15.00 30.00 50.00 10.00 Debt Level fin $ millions) 60 60 60 60 60 5.00 0 $29.46 million O $27.09 million O $82.1 million $87 million Question 5 5 points Save Answer Bore Industries is considering investing $55 million into a new project. The projected free cash flows from the project are shown in the table below. In order to finance the project, Bore will issue a 5-year bond with a face value of $60 million that will be repaid in one bullet payment at the end of five years (as shown in the table below). The cost of debt on the bond is 3.596, Bore's unlevered cost of capital is 1296, and its marginal corporate tax rate is 25%. Using the APV method, what is the NPV of the project? (Select one) Year 5 Free Cash Flows for New Project (in $ million) 0 2 4 FCF (in $ millions) (55.00 15.00 30.00 50.00 10.00 Debt Level fin $ millions) 60 60 60 60 60 5.00 0 $29.46 million O $27.09 million O $82.1 million $87 million