A firm has a capital structure of 100% equity. An analyst wants to estimate the current cost of capital for the firm. He has collected some financial data shown in the table below: FINANCIAL INSTRUMENT RETURN OR YIELD TO MATURITY 90-day Treasury Bill 1.75% S&P 500 Market Index 7.00% The beta for the firm is 1.25. The firm is considering a capital budgeting project that will create a cash flow next year of $475,000. The project cash flows will decrease by 2% each year for a 10-year period, and the cost of the project is $2,500,000 today. Using the cost of capital, what is the NPV of this project? O $412,485 O $15,379,222 O $156,012 O $295,802 $307,411