Dyrdek Enterprises has equity with a market value of $114 mon and the market value of dete o $385 milion The company is eving new project that has more risk than the fam. As a result, the company will apply amament factor of 2.2 percent The new cost $2.32 million today and provide annual cash flows of $606,000 for the next 6 years. The company's cost of equity s the pretax cost of debt is 494 percent. The tax rate is 40 percent. What is the projects NPV Multiple Choice $382,094 $220,973 $178 455 $382,094 $220,973 $178,455 $568,258 $214,217 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 2.2 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 tax rate is 40 percent. What is the project's NPV? Multiple Choice O $382,094 $220,973 $178 455 O $382,094 $220,973 $178,455 $568,258 $214,217