Dyrdek Enterprises has equity with a market value of $11.2 million and the market value of debt is $3.75 million. The company is evaluating a new project that has more risk than the firm. As a result, the company will apply a risk adjustment factor of 1.9 percent. The new project will cost $2.28 million today and provide annual cash flows of $596,000 for the next 6 years. The company's cost of equity is 11.23 percent and the pretax cost of debt is 4.92 percent. The tax rate is 25 percent. What is the project's NPV? Multiple Choice $366,823 $202,146 $522,789 $224,157 $224,782