KLI Gaming plans to develop a mobile app. Development of the app will require an investment of $$800,000$

immediately as well as another $$800,000$ two years from today. KLI expects that cash flow from the app will begin five

years from today and be $$1\mathrm{.}4$ million per year for three years. In other words, there will be a cash flow from the app of

$$1\mathrm{.}4$ million $5$ years from today, $$1\mathrm{.}4$ million $6$ years from today and a final $$1\mathrm{.}4$ million $7$ years from today. What is the

net present value $($NPV$)$ of this project if the cost of capital is $8\%?$

The NPV is closest to:

A$.$ $$1,166,069$

B$.$ $$1,282,676$

ic$.$ $$1,865,711$

D$.$ $$2,215,532$