What is the net present value of debt financing

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CDC borrows a 23-year loan of $15,915 at 7% to finance a project. The corporate tax rate is 32%. If CDC is required to repay 1/5 of the loan at the end of year 6 and the remaining balance at the end of year 23, what is the net present value of this debt financing?

Reference no: EM133075924

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