A film is made at a cost of $5millions. It returns $1million at the end of the first and second month after its release, then $500,000 at the end of each month, from the third to the sixth month inclusive. At the end of the six months, it is sold for video distribution for $1.5 million. Using an interest rate of 6% p.a. compounded monthly, its net present value is:

(Consider your answer to the nearest dollar unit - consider no decimals.)

Select one:

$440,742

-$567,201

-$382,567

$486,308

$396,519