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Alpha Industries is considering a project with an initial cost of $9.1 million. The project will produce cash inflows of $2.13 million per year for

Alpha Industries is considering a project with an initial cost of $9.1 million. The project will produce cash inflows of $2.13 million per year for 6 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 6.15 percent and a cost of equity of 11.63 percent. The debt-equity ratio is .78 and the tax rate is 35 percent. What is the net present value of the project?

A, 390,218

B. 595,846

C. 662,051

D. 662,051

E. 567,473

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