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5 Alpha Industries is considering a project with an initial cost of $8.8 million. The project will produce cash inflows of $1.68 million per year

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5 Alpha Industries is considering a project with an initial cost of $8.8 million. The project will produce cash inflows of $1.68 million per year for 8 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5 85 percent and a cost of equity of 1143 percent. The debt-equity ratio is 68 and the tax rate is 21 percent. What is the net present value of the project? od Multiple Choice $803,629 0 $695,443 O $420,544 5662 331 5612170

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