1. PQU Inc. is considering a project that requires an upfront cost of $900,000. Managers believe the project will produce the following cash flows over the next 5 years: $300,000/year in years 1-2, $100,000 in year 3, -$25,000 in year 4, and $500,000 in year 5. The company uses a 6% discount rate for projects in this risk class. Find the project's net present value.

   		-179,192.46
   		127,411.16
   		87,806.47
   		92,105.76