1) Gao Enterprises plans to build a new plant at a cost of $3,250,000. The plant is expected to generate annual cash flows of \$1,100,000 for the next five years. If the required rate of 18% return is percent, what is the NPV of this project ? (Do not round intermediate computations. The round final answer to nearest dollar)

a) 189.888

b)580,785

c)2,150,000

d)290,932