If more people join carpools and travel to work together a)the demand curve for freeway space shifts leftward. b)the supply curve for freeway space shifts rightward. c)the supply curve for freeway space shifts leftward. d)a and b e)none of the above

Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?