Based on market values, Gubler's Gym has an equity multiplier of $1\mathrm{.}65$ times. Shareholders require a return of $11\mathrm{.}67$ percent on the company's stock and a pretax return of $5\mathrm{.}03$ 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 $$315,000$ per year for $6$ years. The tax rate is $40$ percent. What is the most the company would be willing to spend today on the project?

Multiple Choice

$$1,324,792$

$$1,410,782$

$$1,370,474$

$$1,591,505$

$$1,444,721$