JDUJ Peuple lab Window Help * + courses/1254782/quizzes/3446073/take Question 20 5 pts SpringBloom Co. has a capital structure which is based on 40 percent debt, 5 percent preferred stock, and 55 percent common stock. The aftertax cost of debt is 6.5 percent, the cost of preferred is 9 percent, and the cost of common stock is 13 percent. The company's tax rate is 39 percent. The company is considering a new project it considers to be a little riskier than its current operations. Thus, management has decided to add an additional 1 percent to the company's overall cost of capital when evaluating this project. This project has initial costs of $325,000 and annual cash inflows of $87,000, $279.000, and $116,000 over the next three years, respectively. What is the projected net present value of this project? $63,228 $68,708 $70,369 $76,011 None of above is correct