A project requires additional accounts receivable of $1,100,000 and additional inventory of $550,000. It results in additional accounts payable of $940,000. Net working capital will return to its normal level following the 4-year project. What is the effect on the NPV of the project solely due to this investment in net working capital, assuming a 12% required rate of return?

($485,976)

$485,976

($258,782)

$258,782

$1,184,566