3 01:31:53 eBook Hint Lebleu, Incorporated, is considering a project that will result in initial aftertax...

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3 01:31:53 eBook Hint Lebleu, Incorporated, is considering a project that will result in initial aftertax < savings of $1.82 million at the end of the first year, and these savings will grow of 3 percent per year indefinitely. The company has a target debt-equity ratio cost of equity of 12.2 percent, and an aftertax cost of debt of 5 percent. The c proposal is somewhat riskier than the usual projects the firm undertakes; mar uses the subjective approach and applies an adjustment factor of +2 percent of capital for such risky projects. What is the maximum initial cost the compan willing to pay for the project? (Do not round intermediate calculations and e answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89) Ask Maximum cost References 3 01:31:53 eBook Hint Lebleu, Incorporated, is considering a project that will result in initial aftertax < savings of $1.82 million at the end of the first year, and these savings will grow of 3 percent per year indefinitely. The company has a target debt-equity ratio cost of equity of 12.2 percent, and an aftertax cost of debt of 5 percent. The c proposal is somewhat riskier than the usual projects the firm undertakes; mar uses the subjective approach and applies an adjustment factor of +2 percent of capital for such risky projects. What is the maximum initial cost the compan willing to pay for the project? (Do not round intermediate calculations and e answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89) Ask Maximum cost References