Based on market values, Benet's Gym has an equity multiplier of 1.46 times Shareholders require a return of 10.9 percent on the company's stock and a pretax return of 4.84 percent on the company's debt. The company is evaluating a new project that has the same risk as the company Itself. The project will generate annual aftertax cash flows of 277000 per year for 7 years. The tax rate is 39 percent What is the most the company would be willing to spend today on the project