"Antioch Ltd is considering a project with an estimated operating income of $$650,000$ per year. The project will be partially financed with $$1$M of debt that carries a $3\%$ interest rate. Using the WACC method, find the annual cash flow, taking into account that there will be no depreciation, net working capital, or investment cash flows, and assuming a corporate tax rate of $40\%$ and an unlevered cost of equity of $7\%."$

$"$$$439,937"$

$"$$$372,000"$

$"$$$306,671"$

$"$$$458,442"$

$"$$$390,000"$