Majors sport and fitness is considering opening experimental retail and workout space at a cost of $1.67 million.this cost will be depreciated straight-line to zero over the 4 year life of the project. thereafter it is expected that the space can be sold for $435,000. ignore bonus depreciation, Majors believe the intial investment in NWC will be $198,000 all of which will be rocovered at the end of the project. the project is estimated to generate $1,850,000 in revenue per year and costs of $1,038,000 per year . the tax rate is 21% and required return for product is 16.4%. what is the net present value?

a. 358,576.22

b. 451,180.73

c. 241,334.55

d. 302,208.15

e. 254,595.45