Dyrdek Enterprises has equity with a market value of $11.3 million and the market value of debt is $3.80 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 2.1 percent. The new project will cost $2.30 million today and provide annual cash flows of $601,000 for the next 6 years. The company's cost of equity is 11.27 percent and the pretax cost of debt is 4.93 percent. The tax rate is 21 percent. What is the project's NPV?

$205,347

$363,084

$537,134

$222,899

$186,817