Alpha Industries is considering a project with an initial cost of $$7\mathrm{.}8$ million. The project will produce cash inflows of $$1\mathrm{.}84$ million per year for $6$ years. The project has the same risk as the firm. The firm has a pretax cost of debt of $5\mathrm{.}55$ percent and a cost of equity of $11\mathrm{.}23$ percent. The debt$-$equity ratio is $\mathrm{.}58$ and the tax rate is $25$ percent. What is the net present value of the project?

Multiple Choice

$$490,087$

$$466,750$

$$418,544$

$$544,541$

$$566,323$