Niche Entertainment Systems is setting up to manufacture a new line of video game consoles. The cost of the manufacturing equipment is $1,750,000. Expected cash flows over the next four years are $725,000, $850,000, $1,200,000, and $1,500,000. Given the company's required rate of return of 15 percent, what is the NPV of this project?

Select one:

A.

$1,169,806

B.

$2,919,806

C.

$2,525,000

D.

$3,122, 607