Joshua industries is consdering a new project with cash inflows of $478,000 for the indefinite future. cash costs are 68% of the cash inflow. the initial cost of the investment is $685,000. the tax rate is 34% and the unlevered cost of equity is 14.2%. the firm is financing $200,000 of the project cost with debt. what is the adjusted present value of the project?

A) $ 32,408.18

B) $ 25,940.85

C) $102,429.67

D) $98,311.16

E) $93,940.85

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