A company is considering two alternative investment projects. The estimated net cash flows from each of the projects are given below. The company$$s cost of capital is $9\%.$

Year Cash Flow Alternative $1$ Alternative $2$

$0$ Initial investment $(900,000)(1,100,000)$

$1$ Net cash inflow $200,000100,000$

$2$ Net cash inflow $300,000200,000$

$3$ Net cash inflow $400,000400,000$

$4$ Net cash inflow $200,000600,000$

$5$ Net cash inflow $200,000500,000$

What is the net present value of Alternative $2?$

Question $8$Select one:

A$.$

$5,000$

B$.$

$1,100,000$

C$.$

$218,700$

D$.$

$1,318,700$