Alpha Industries is considering a project with an initial cost of $$8\mathrm{.}1$ million. The project will produce cash inflows of $$1\mathrm{.}46$ million per year for $9$ years. The project has the same risk as the firm. The firm has a pretax cost of debt of $5\mathrm{.}64$ percent and a cost of equity of $11\mathrm{.}29$ percent. The debt$-$equity ratio is $\mathrm{.}61$ and the tax rate is $23$ percent. What is the net present value of the project?

Multiple Choice

$$665,269$

$$807,194$

$$698,533$

$$776,148$

$$600,177$