A company is considering an investment that will cost $791,000 and have a useful life of 5 years. The cash flows from the project are expected to be $524,000 per year in the first two years then $115,000 per year for the last 3 years. If the appropriate discount rate is 13.7 percent per annum, what is the NPV of this investment (to the nearest dollar)?

a.

$1864761

b.

$343531

c.

$313281

d.

$282761