Arrington Sporting Corporation is evaluating a new project. that will be financed with $1.8 million of debt and $2.3 million of equity. The after-tax cash flows (CFATs) expected to result from the investment are $1.4 million per year for the next three years, after which time the project is expected to be sold for a net after-tax amount of $2.1 million. The debt financing will be a three-year debt with interest payments of 12% per year on the remaining balance. Principal payments will be $800,000 in year 1 (end of first year), $500,000 in year 2 (end of second year), and $500,000 at the end of year 3. The net benefit-to-leverage factor, T*, is 0.30 for this investment. The (unleveraged) required return for the project is 18%. What is the projects net APV?

Group of answer choices

-$956,650

$308,663

$313,832

$321,475