An auto$-$parts company is deciding whether to sponsor a racing team for a cost of $$1$ million. The sponsorship would last for three years and is expected to increase cash flows by $$580,000$ per year. If the discount rate is $7\%,$ what will be the change in the value of the company If it chooses to go ahead with the sponsorship?

A$.$ $$522,103$

B$.$ $$887\mathrm{.}576$

C$.$ $$783,155$

D$.$ $$835,365$