Dyrdek Enterprises has equity with a market value of $$10\mathrm{.}9$

million and the market value of debt is $$3\mathrm{.}60$ 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 $1\mathrm{.}7$

percent. The new project will cost $$2\mathrm{.}22$ million today and provide

annual cash flows of $$581,000$ for the next $6$ years. The company's

cost of equity is $11\mathrm{.}11$ percent and the pretax cost of debt is $4\mathrm{.}89$

percent. The tax rate is $35$ percent. What is the project's NPV$?$Multiple Choice$$219,241$$$230,173$$$249,256$$$375,414$$$512,072$