a Deep Mines has 14 million shares of common stock outstanding with a beta of 0.87 and a market price of $42 a share. There are 900,000 shares of 9% preferred stock outstanding valued at $80 a share. The 10% semiannual bonds have a face value of $1,000 and are selling at 91% of par. There are 220,000 bonds outstanding that mature in 17 years. The market risk premium is 11.5%, T-bills are yielding 7.5%, and the firm's tax rate is 32%. Management is considering a project that will produce a cash inflow of $24,000 per year forever. What is the maximum amount the firm can initially invest in this project to avoid a negative net present value for the project? Round to the nearest dollar