Nally Inc. is considering a project that will result in i nitial after-tax cash saving of $4.2 million at the end of the first year, and these savings will grow at a rat e of 2.5% forever. The firm has a target debt-equity ratio of .25, a cost of equity of 13.1%, and aftertax c ost of debt 6.4%. The cost saving project is however riskier than the company's other project, so manage s decide to add 2% to its cost of capital. How much is maximum amount the firm would invest on this p roject