Initial investment $2,020,000 Discount rate Yearly cash flows 78,000 78,000 $678,000 $786,000 3 Present Value of $1: 10% 11% 12% 13% 0.90 0.81 0.731 0.65 0.885 0.783 0.693 0.613 0.543 2 0.82 0.751 0.683 0.71 0.636 50.621 0593 056 0545 Calculate the NPV of the project D) $581,870 B) $252,500 C) $959,500 A) $1,015,050