Alpha Industries is considering a project with an initial cost of $8.4 million. The project will produce cash inflows of $1.64 million per year for 8 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5.73 percent and a cost of equity of 11.35 percent. The debtequity ratio is .64 and the tax rate is 21 percent. What is the net present value of the project?

A. $831,144

B. $960,433

C. $791,566

D. $783,578

E. $624,434