Not a lot ambiguous about as far as I can tell.
"The 3 phase load is balanced and draws 120 KW at 440 Volts"
That reads to me like the load draws......at 440V. If the load was not at 440V wouldn't it draw something different to 440V?
And, as you know, the voltage drop also depends on the X as well as the R component and that would depend on cable type and method of installation.
I think we can reasonably leave that speculation out of the question as posed, don't you?
An assumption not justified - see above. So don't make it.
So, we are back to the straightforward PFC problem as stated in post #1.