Based on market values, Gubler's Gym has an equity multiplier of $1\mathrm{.}66$ times. Shareholders require a return of $11\mathrm{.}71$ percent on the company's stock and a pretax return of $5\mathrm{.}04$ 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 $$317,000$ per year for $7$ years. The tax rate is $22$ percent. What is the most the company would be willing to spend today on the project?

Multiple Choice

$$1,592,342$

$$1,495,285$

$$1,809,437$