Riyad Co is considering a project which has an initial cash outlay of $$621,000$ and projected cash inflows of $$315,000$ in year one, $$225,000$ in year two, and $$212,000$ in year three. The firm uses $35\%$ debt and $65\%$ common stock as their capital structure. The company's cost of equity is $14\%$ while the after$-$tax cost of debt for the firm is $5\%.$ The project is a little riskier than its current operations. Thus, management has decided to add an additional $1\%$ to their company's overall cost of capital when evaluating this project. What is the projected net present value of the new project?Multiple Choice$-$$$8017\mathrm{.}46-$$$9,252\mathrm{.}32-$$$581\mathrm{.}26$$$2,525\mathrm{.}36$$$13,100$