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Blue Grass Brewery is considering a project with an estimated operating income of $ 7 6 0 , 0 0 0 per year. The project

Blue Grass Brewery is considering a project with an estimated operating income of $760,000 per year. The project will be partially financed with $1M of debt that carries a 7% interest rate. Using the FTE method, find the annual cash flow, taking into account that there will be no depreciation, net working capital, or investment cash flows, and assuming a corporate tax rate of 10% and an unlevered cost of equity of 10%."
"$621,000"
"$735,181"
"$778,226"
"$684,000"
"$738,634"

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