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Mesa Media is evaluating a project to help increase sales. The project costs $580,000 and has an IRR equal to 14 percent. The project is

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Mesa Media is evaluating a project to help increase sales. The project costs $580,000 and has an IRR equal to 14 percent. The project is divisible, which means any portion can be purchased. Mesa can raise up to $74,000 in new debt at a before-tax cost 7 ( rd ) equal to 5 percent; addion 40 percent, how much of the project should be purchased? Round your answer to the nearest dollar

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