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sidering a project with an initial cost of $8.8 million. The project will produce cash inflows of $1.68 million per year for 8 years. The
sidering a project with an initial cost of $8.8 million. The project will produce cash inflows of $1.68 million per year for 8 years. The project has the same risk as the firm The firm has a pretax cost of debt of 5 85 percent and a cost of equity of 11.43 percent The debt-equity ratio is 68 and the tax rate is 40 percent What is the net present value of the project? Multiple Choice $772,720 $803 629 $662.331 $695.448
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