Gao Enterprises plans to build a new plant at a cost of $$3,250,000.$ The plant is expected to generate annual cash flows of $$1,225,000$ for the next five years. If the firm's required rate of return is $18$ percent, what is the NPV of this project? $($Do not round intermediate calculations.$)$

$$580,785$

$$2,225,875$

$$3,830,785$

$$2,875,000$