Question: Alpha Industries is considering a project with an initial cost of $ 91 million . The project will produce cash inflows of $ 1.84 million

Alpha Industries is considering a project with an initial cost of $ 91 million . The project will produce cash inflows of $ 1.84 million per year for7 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

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