XYZ Inc. is considering a $560,000 project. XYZ expects to earn a perpetual unlevered cash flow of $96,000. Assuming the unlevered cost of capital is 18.00% and the tax rate is 35.00%, what is the NPV of the levered project using the APV approach if the firm finances the project with $280,000 in perpetual debt (with an interest rate of 10.00%) and the remaining amount with equity? Group of answer choices

$512,000

$631,333

$32,000

$71,333