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 $$570,000$ per year. If the discount rate is $6\mathrm{.}9\%,$ what will be the

change in the value of the company if it chooses to go ahead with the

sponsorship?

A$.$ $$747,896$

B$.$ $$797,756$

C$.$ $$498,597$

D$.$ $$847,615$