9) Alpha Industries is considering a project with an initial cost of $9.7 million. The project will produce cash inflows of $1.67 million per year for 9 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 6.12 percent and a cost of equity of 11.61 percent. The debt-equity ratio is .77 and the tax rate is 21 percent. What is the net present value of the project? A) $450,872 B) $222,456 C) $569,696 D) $691,231 E) $598,181