Dyrdek Enterprises has equity with a market value of $11.4 million and the market value of debt is $3.85 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 22 percent. The new project will cost $2.32 million today and provide annual cash flows of $606,000 for the next 6 years. The company's cost of equity is 11.31 percent and the pretax cost of debt is 4 94 percent The tox rate is 21 percent What is the project's NPV? Multiple Choice $197.129 $382 094 $568.258 $178,455 $220.97