Parrish Incorporated has equity with a market value of $10.4 million and market value of debt is $3.35 million. The company is evaluating a new project that has more risk than the firm. As a result, the company will apply a risk adjustment factor of 1.2% The new project will cost $2.12 million today and provide annual cash flows of $556,000 for the next six years. The company's cost of equity is 10.91% and the pretax cost of debt is 4.84%. The tax rate is 39%. What is the project's NPV? Multiple Choice $468.257 $289,422 $257,387 \&