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Algoma Incorporated has a capital structure which is based on 25% debt, 15% preferred stock, and 60% common stock. The after-tax cost of debt is

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Algoma Incorporated has a capital structure which is based on 25% debt, 15% preferred stock, and 60% common stock. The after-tax cost of debt is 7%, the cost of preferred is 8%, and the cost of common stock is 10%. The company is considering a project that is equally as risky as the overall firm. This project has initial costs of $140,000 and cash inflows of $90,000 a year for two years. What is the projected net present value of this project? $19.197.36 \$18.538.69 $19.074.82 517,571.58 518,427,44

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