Suppose Praxis Corporations CFO is evaluating a project with the following cash inflows. She does not know the projects initial cost; however, she does know that the projects regular payback period is 2.5 years.

Year	Cash Flow
Year 1	$375,000
Year 2	$400,000
Year 3	$400,000
Year 4	$400,000

If the projects weighted average cost of capital (WACC) is 8%, what is its NPV?

$343,038

$261,362

$392,044

$326,703