A firm is considering an investment of a manufacturing press. It is going to cost the firm $2,500,000. It is expected to return $700,000 each year for the first three years and then return $350,000 for the fourth year. If the applicable interest rate is 4%, what would be the present value of the cash inflows, assuming payments are received at the end of each period (hint: you can use NPV)?

Group of answer choices

$2,410,861

-$258,255

$2,241,745

$2,105,210