Alpha Industries is considering a project with an initial cost of $6.9 million. The project will produce cash inflows of $1.52 million a yeat for seven years. The firm has a pretax cost of debt of 91 percent and a cost of equity of 177 percent. The debt-equity ratio is .57 and the tax rate is 21 percent. The riskfree rate is 2% and the market risk premium is 8%. The firm uses the pure play approach to assign discount rates to projects. The beta of the project is 1.5. What is the net present value of the project