ABC Corp. is considering a project that will generate cash flows of $60,200 per year for 9 years. The project has the same risk as the firm's overall operations. The firm's debt-to-equity ratio is 0.50. Its required return on equity is 9.10% and its required return on debt is 4.40%. Ignoring the impact of taxes and depreciation, what is the most ABC should invest in the project today?

a.

$383,471

b.

$541,800

c.

$359,451

d.

$396,422

e.

$439,559