A company is considering investing in a project that costs $780,000 and is expected to generate net annual cash flows of $315,000 each year for 3 years. The company has a required rate of return of 9%. The present value of an annuity of 1 for 3 periods at 9% is 2.531, and the present value of 1 of 3 periods is .772. The net present value of this project is $17.265. $287.160 $797,265. $17,625