Efrat Aviation, Inc., is considering a project with an initial cost of $9.1 million. The project will produce cash inflows of $1.84 million per year for 7 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5.94 percent and a cost of equity of 11.49 percent. The debt-equity ratio is .71 and the tax rate is 40 percent. What is the net present value of the project? Multiple Choice $373,354 $431,432 $103,237 $414,838 $355,576