Logic Legal Leverage (LLL) is evaluating a project that has a beta coefficient equal to 1.7. The risk-free rate is 2 percent and the market risk premium is 4 percent. The project, which requires an investment of $390,000, will generate $154,000 in after-tax operating cash flows for the next three years. Should LLL purchase the project? Do not round intermediate calculations. Round your answer to the nearest cent. Use a minus sign to enter a negative value, if any.

The project -Select-shouldshould notItem 1 be purchased because the net present value, that is $ , is -Select-greater thanlower thanequal toItem 3 zero.

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