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Green Vegan Inc. is evaluating a proposed project that requires an initial outlay of $ 1 , 0 3 4 , 0 0 0 .

Green Vegan Inc. is evaluating a proposed project that requires an initial outlay of $1,034,000. It is estimated that the after-tax cash inflows from the project will be $363,000 in perpetuity. The company is financed 53% with debt and the remainder is in equity. The firm's cost of equity is 15.80%, its pre-tax cost of debt is 5.20% and its tax rate is 35%. What is the NPV of the project if it is of similar risk as the firm's existing operations?
a.$3,485,045
b.$2,531,115
c.2,904,204
d.$578,810
e.$694,571

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