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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

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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 six years. If the firm's required rate of return is 15 percent, what is the NPV of this project? (Do not round intermediate calculations.) $1,385,991$4,100,000$4,635,991$856,390

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