Alpha Industries is considering a project with an initial cost of $9.1 million. The project will produce cash inflows of

[answerhappygod]

Alpha Industries is considering a project with an initial cost
of $9.1 million. The project will produce cash inflows of $1.84
million per year for 7 years. The project has the same risk as the
firm. The firm has a pretax cost of debt of 5.94 percent and a cost
of equity of 11.49 percent. The debt–equity ratio is .71 and the
tax rate is 40 percent. What is the net present value of the
project?
A. $373,354
B. $355,576
C. $414,838
D. $103,237
E. $431,432