Alpha Industries is considering a project with an initial cost of $9 million. The project will produce cash inflows of $2.09 million per year for 6 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5.91 percent and a cost of equity of 11.47 percent. The debtequity ratio is .70 and the tax rate is 22 percent. What is the net present value of the project? $428,020 $407,638 $494,601 $475,578 $325,304 Question 3 25 pts Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.46 percent, a par value of $1,000 per bond, matures in 6 years, has a total face value of $3.4 million, and is quoted at 107 percent of face value. The second issue has a coupon rate of 5.78 percent, a par value of $2,000 per bond, matures in 19 years, has a total face value of $7.7 million, and is quoted at 93 percent of face value. Both bonds pay interest semiannually. The company's tax rate is 24 percent. What is the firm's weighted average aftertax cost of debt? 5.00% 3.80% 3.28% 3.54% 4.40%