A company is considering a project with the following characteristics: - The initial cost is $910,000 - The project generates EBIT of $137,410 each year for 9 years - The company plans to finance the project with some debt. Over the life of the project, it plans to maintain the same D/E ratio as the firm now enjoys - The company's beta is 1.4. Assume the MRP is 9.6% and the risk free rate is 3.6% - The company's current D/E ratio is 20% - The cost of debt is 6.4%, and assume the company pays tax at a rate of 25% - Assume the business risks of the new project match the business risks of the company as a whole. Calculate the NPV using the WACC method