Alpha Industries is considering a project with an initial cost of $$8$ million. The project will produce cash inflows of $$1\mathrm{.}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 $5\mathrm{.}61$ percent and a cost of equity of $11\mathrm{.}27$ percent. The debt$$equity ratio is $\mathrm{.}60$ and the tax rate is $35$ percent. What is the net present value of the project?

Multiple Choice

$$447,700$

$$368,983$

$$430,481$

$$387,433$

$$201,863$