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Dyrdek Enterprises hos equity with a market value of $110 million and the market value of debt is $3.65 million. The company is evaluating a

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Dyrdek Enterprises hos equity with a market value of $110 million and the market value of debt is $3.65 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 1.8 percent. The new project will cost $2.24 million today and provide annual cash flows of $586,000 for the next 6 years. The company's cost of equity 1115 percent and the protax cost of debt is 4.90 percent The tax rate is 39 percent. What is the project's NPV

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