A project requires an initial investment of $1.2 million. It expects to generate a perpetual cash flow. The first year cash flow is expected at $100,000. The cash flows are then expected to grow at 1.25% forever. If the cost of capital for this project is 11%, what is the project's NPV?

Group of answer choices

-$0.480 million

$0.265 million

$7,177 million

-$0.174 million

-$0.265 million

$0.174 million