Alpha Industries is considering a project with an initial cost of \$7.9 million The project will produce cash inflows of \$1.63 million per year for 7 years . The project has the same risk as the firm. The firm has a pretax cost of debt of 5.58 percent and a cost of equity of 11.25 percent. The debt- equity ratio is .59 and the tax rate 21 percent. What is the net present value of the project? First calculate WACC and use it as discount rate to calculate NP