Suppose Cute Camel Woodcraft Company is evaluating a proposed capital budgeting project (project Alpha) that will require an initial investment of $450,000. The project is expected to generate the following net cash flows:

Year	Cash Flow
Year 1	$325,000
Year 2	$475,000
Year 3	$500,000
Year 4	$425,000

Cute Camel Woodcraft Companys weighted average cost of capital is 9%, and project Alpha has the same risk as the firms average project. Based on the cash flows, what is project Alphas net present value (NPV)?

$1,360,136

$1,435,136

$935,136

$1,075,406