Dyrdek Enterprises has equity with a market value of $11.9 million and the market value of debt is $4.10 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 $2.42 million today and provide annual cash flows of $631,000 for the next 6 years. The company's cost of equity is 11.51 percent and the pretax cost of debt is 4.99 percent. The tax rate is 39 percent. What is the project's NPV?

$521,207

$177,158

$358,337

$210,704

$209,304