Based on market values, Gubler's Gym has an equity multiplier of $1\mathrm{.}67$ times. Shareholders require a return of $11\mathrm{.}75$ percent on the company's stock and a pretax return of $5\mathrm{.}05$ 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 $$319,000$ per year for $8$ years. The tax rate is $23$ percent. What is the most the company would be willing to spend today on the project?