It has been proposed that a company invest $1 million of its own funds in a venture which will yield a gross income of $1 million per year. The total annual costs will be $800,000 per year. In an alternate proposal, the company can invest a total of $600,000 and receive annual net eamings of $220,000 from the project. Depreciation and income tax effects are not to be considered. The remaining $400,000 can be loaned at an effective 6 percent annual interest rate. What alternative would be more profitable for the company with regard to investing its available funds?