Birnham Motors is considering adding a new location to their existing car lots. The new facility will cost $12.7 million to construct. Management uses a discount rate of 11.8%. They anticipate the following cash flows for next seven years:

Year	Cash Flow
1	2.2m
2	2.5m
3	2.9m
4	3.1m
5	3.4m
6	3.6m
7	3.9m

The proposed project's net present value is closest to:

	A.	$808,500.
	B.	$903,800.
	C.	$8,900,000.