Alpha industries is considering a project with an indal cost or $8 million. The project wil produce cash inflows or $1.49 million per year for 8 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5.61 percent and a cost of ecouty of 1127 percent. The debt-eouity ratio is 60 and the tax rate is 22 percent What is the net present value of the project? Mutple Choice $350197 3205,217 5201.663 3309978 $344,420