Suppose Happy Dog Soap Company is evaluating a proposed capital budgeting project (project Beta) that will require an initial investment of $3,000,000. The project is expected to generate the following net cash flows: Year. Cash Flow Year 1 $325,000 Year 2 425,000 Year 3 425.000 Year 4 400,000 Happy Dog Soap Company's weighted average cost of capital is 8%, and project Beta has the same risk as the firm's average project. Based on the cash flows, what is project Beta's NPV? (Note: Do not round your intermediate calculations.) O$1,296,686 $1,703,314 $4,703,314 -$2,043,977