Dyrdek Enterprises has equity with a market value of $$1\mathrm{.}9$ million and the market value of debt is $$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 $22$ percent. What is the project's NPV$?$

Multiple Choice

$$363,276$

$$219,241$

$$238,040$

$$498,913$

$$230,173$