Based on market values, Gubler's Gym has an equity multiplier of $1\mathrm{.}49$ times. Shareholders require a return of $11\mathrm{.}03$ percent on the company's stock and a pretax return of $4\mathrm{.}87$ 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 $$283,000$ per year for $6$ years. The tax rate is $25$ percent. What is the most the company would be willing to spend today on the project?

Multiple Choice

$$ $$1,191,985$

$$ $$1,429,625$

$$ $$1,269,355$

$$1,233,088$

$$1,284,651$