Estefan Industries has a new project available that requires an initial investment of $4.9 million. The project will provide unlevered cash flows of $846,000 per year for the next 20 years. The company will finance the project with a debt-value ratio of .35. The companys bonds have a YTM of 6.7 percent. The companies with operations comparable to this project have unlevered betas of 1.13, 1.06, 1.28, and 1.23. The risk-free rate is 4.1 percent and the market risk premium