Given good population growth in San Antonio Bank of San Antonio is considering adding a new branch bank. It knows that it will cost $1.5 million to build the branch and it believes that it will generate $254,526 per year for the first 3 years with required return of 12% and $300,000 per year for years 4 to 7 with required return of 15%. What is this project's net present value? (Round to the nearest $100)

$286,780

-$325,513

-$500,337

-$638,525

$760,981