Alpha Industries is considering a project with an initial cost of $9.2 million. The project will produce cash inflows of $1.72 million per year for 8 years. The project has the same risk as to the firm. The firm has a pretax cost of debt of 5.97 percent and a cost of equity of 11.51 percent. The debt-equity ratio is .72 and the tax rate is 21 percent. What is the net present value of the project? $485,732 $439,173 $252,705 $510,018, $589,354