Borealis Drilling is considering building a new manufacturing plant. The new plant will cost $19.65 million to construct. Management uses a discount rate of 10.10%. They anticipate the following cash flows for next seven years:

Year	Cash Flow
1	3.150m
2	3.520m
3	3.905m
4	4.150m
5	4.325m
6	4.690m
7	5.130m

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

	A.	<$212,930.>
	B.	<$48,520.>
	C.	<$193,390.>