A firm is considering a project that will generate perpetual cash flows of $15,000 per year beginning next year. The project has the same risk as the firm's overall operations and must be financed externally by issuing news shares and bonds. The cost of equity is 14% and the after-tax cost of debt is 4%. The firm's D/E ratio is 0.8. What is the maximum amount (rounded) the firm can pay for the project and still earn its required return? Select one: a. $138,000 b. $157,000 c. $164,000 O d. $182,000 e. $199,000