Harimbi Company is considering building a new facility at a cost of $$12\mathrm{.}7$ million. Management uses a discount rate of $11\mathrm{.}8\%.$ They anticipate the following cash flows for the next seven years:

Year Cash Flow

$12\mathrm{.}2$m

$22\mathrm{.}5$m

$32\mathrm{.}9$m

$43\mathrm{.}1$m

$53\mathrm{.}4$m

$63\mathrm{.}6$m

$73\mathrm{.}9$m

The proposed project's net present value is closest to:

Question $1$ options:

A$)$

$$8,900,000.$

B$)$

$$903,900.$

C$)$

$$808,500.$