Evergreen Inc. is considering expanding its greenhouses as there is increased demand for plants this year and the company thinks this growth will be permanent. What is the NPV of a new greenhouse that costs $545,000 and returns $247,000 for each of the next 3 years and then $86,400 for each of the following 5 years? Assume Evergreen's cost of capital is 11.60%.

a.

$365,514

b.

$183,090

c.

$255,147

d.

$278,671

e.

$234,068