O $1.87 Question 17 1 pts A project you are considering requires an initial cash outlay of $650,000 for equipment. You expect to spend an additional $40,000 in the first year to cover costs as the project will produce negligible cash inflows for that year. During years 2 through year 6, you expect to receive cash inflows of $320,000 a year. What is the net present value of this project at a discount rate of 11 percent? 0 $443,824.82 $379,447.79 O $511,481.15 $225,831.36