An airline company faces an 9% chance of a potential loss of $60 million next year. If the airline company implements new safety policies, it can reduce the chance of this loss to 7%, but the new safety policies have an upfront cost of $950,000. Suppose that the beta of the potential loss is 0 and the risk-free rate of interest is 3%. If the airline company is uninsured, the NPV of implementing the new safety policies is closest to: A) -$1.2 million B) $0.22 million C) $1.2 million D) $2.15 million