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Alpha Industries is considering a project with an initial cost of $9.5 million. The project will produce cash inflows of $1.98 million per year for 7 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 6.06 percent and a cost of equity of 1157 percent. The debt-equity ratio is 75 and the tax rate is 21 percent. What is the net present value of the project? 2.28 Mutiple Choice $395.890 $731,987 163,450 $570,3170 $601 206