Based on market values, Gubler's Gym has an equity multiplier of $1\mathrm{.}64$ times. Shareholders require a return of $11\mathrm{.}63$ percent on the company's stock and a pretax return of $5\mathrm{.}02$ 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 $$313,000$ per year for $9$ years. The tax rate is $21$ percent. What is the most the company would be willing to spend today on the project?

Multiple Choice

$$1,758,523$

$$1,872,667$

$$1,904,362$

$$1,819,162$

$$2,210,193$