$23-25$ refer to the following scenario:

$(12)$ Suppose Ben Simmons, for now of the $76$ers, signs a five$-$year endorsement deal with Threes$-$R$-$US$,$ a new energy drink. They offer him a choice of payment terms:

Either $(1)$ $$500,000$ at signing and then annual payments of $$100,000$ for years one through four, and $$200,000$ for year five to complete the contract; or$,$

$(2)$ $$300,000$ at signing and $$200,000$ for years one though four and $$100,000$ for year five. Assume that the signing bonus is pad immediately and all yearly payments are made at the end of each year $(12/31).$ Assume his discount rate is $6\%.$

Question $23.$ Calculate the NPV of offer $1($rounded to the nearest dollar$).$

$$939\mathrm{.}590$

Cannot be calculated from given information.

$$495,962$

$$995,962$