Question 14 4 pts A company is considering investing in a $12 million project with the potential of producing annual unlevered cash flows of $1.5 million in perpetuity. Although the firm's target debt-value ratio is 40%, the company actually plans to finance the investment using equal proportions of debt and equity. The pre-tax cost of debt is 7%, the cost of equity is 15%, and the tax rate is 21%. What is the NPV of the project according to the WACC approach? $3,838,030.68 $200,790.15 $711,864.41 $2,612,761.81 $1,378,523.01