tased on market values, Gubler's Gym has an equity multiplier of 1.64 times, Shareholders require a return of 11.63 vercent on the company's stock and a pretax return of 5.02 percent on the company's debt. The company is valuating a new project that has the same risk as the company itself. The project will generate annual aftertax cash flows of $313,000 per year for 9 years. The tax rate is 25 percent. What is the most the company would be villing to spend today on the project? Multiple Choice 51,758,523 $1,910,493 $1,872,667 $2.193.576