My INC is considering a project that requires an initial investment of $1 million. It will provide an annual cash inflow of $150,000 for the first six years, $200,000 per year for Year 7 through Year 9, and $100,000 per year for Year 10 and Year 11. What is the project's net present value if the firms required rate of return is 10%?

Multiple Choice

• $8,561

• $9,320

• $7,645

• $5,750

• $6,882