Rocky Road Inc. is considering a project with an initial cost of $1 million. The project will not produce any cash flows for the first two years. Starting in year 3, the project will produce cash inflows of $625,000 a year for four years. This project is risky, so the firm has assigned it a discount rate of 18 percent. What is the net present value? $266,480.49 $222,180.37 $207,475.31 $289,140.82