Alpha Industries is considering a project with an initial cost of $7.8 million. The project will produce cash inflows of $1.84 million per year for 6 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5.55 percent and a cost of equity of 11.23 percent. The debtequity ratio is .58 and the tax rate is 39 percent. What is the net present value of the project?

• $528,375

• $616,437

• $641,095

• $554,793

• $418,544