Blue Angle, Inc., a private firm in the holiday gift industry, is considering a new project. The company currently has a target debt-equity ratio of 0.40, but the industry average debt-equity ratio is 0.35. The industry average beta is 1.25. The market risk premium is 7 percent, and the risk-free rate is 5 percent. Assume all companies in this industry can issue debt at the risk-free rate. The corporate tax rate is 40 percent. The project requires an initial outlay of 750,000 and is expected to result in a $105,000 after-tax cash inflow at the end of the first year. The project will be financed at Blue Angle's target debt- equity ratio. Annual cash flows from the project will grow at a constant rate of 5 percent until the end of fifth year and remain constant forever thereafter. Should Blue Angel invest in this project