Based on market values, Gubler's Gym has an equity multiplier of $1\mathrm{.}45$ times. Shareholders require areturn of $10\mathrm{.}87$ percent on the company's stock and a pretax return of $4\mathrm{.}83$ percent on the company'sdebt. The company is evaluating a new project that has the same risk as the company itself. Theproject will generate annual after$-$tax cash flows of $$275,000$ per year for $6$ years. The tax rate is $21$percent. What is the most the company would be willing to spend today on the project?