A proposed nuclear power plant will cost $2.3 billion to build (today) and then will produce cash flows of $310 million a year for 5 years (year 1 to year 5). It then must be decommissioned at a cost of $910 million (in year 5). What is project NPV if the discount rate is 4%?

$0.60 billion

$0.31 billion

$1.67 billion

-$1.67 billion

-$0.76 billion