Compute the NPV of the following project. The firm's cost of capital for this project is 5 percent. The project requires an initial investment of $1 million and it will generate these cash flows in the following 5 years: 400,000; 600,000; 600,000; 700,000; 700,000.

Question 1 options:

	1,654,216
	3,105,748
	1,567,833
	4,053,725
	1,105,748