Using the APV method, what is the value of this project to an all-equity firm?

Question

Quizplus · Accepted Answer

The APV method values a project by summing the present value of its expected cash flows to equity and the present value of its expected debt tax shields. In this case, the project is all-equity, so the APV method reduces to the present value of its expected cash flows to equity. The present value of the expected cash flows to equity is $46,502,288.10.

Using the APV Method, What Is the Value of This