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Apha Industries is considering a project with an initial cost of $8.2 million. The project will produce cash inflows of $1.93 miltion per year for 6 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5.67 percent and a cost of equity of 11.31 percent. The debteequity ratio is 62 and the tax rate is 24 percent. What is the net present value of the project? $558990 $498.591 $576,150 8474,849 $418.860