Question 7 4 pts Consider a project with the following data: The 5-year project requires equipment that costs $30,000. If undertaker, the shareholders will contribute $20.000 cash and borrow $60,000 with an interest orly lean with a maturity of years and annual interest payments. The equipment will be depreciated straight-line to zero over the 5-year lite of the project. There will be a pre-tax salvage value of $3.700. There are no other startup costs at year. Durine years through the firm will sell 20.000 units of product at $5: variable costs are 52 there are no fixed costs - 8% - 20% tax rate 30% debt-to-equity ratio = 3,7 = 2% OCF, -80,000 OCF-4 = 20,000 (5-2)*(1-30%) + 16,000 30 % -46,800 OCP-46,800 +3.200 - 50.000 When using the APV methodology, what is the NPV of the detection tax shield? -$19.105.01 4205152 $25.173 37.152