The ABC Resort is redoing its golf course at a cost of $807,000. It expects to generate cash flows of $509,000, $675,000 and $164,000 over the next three years. If the appropriate discount rate for the company is 15.6 percent, what is the NPV of this project (to the nearest dollar)?

Select one:

a. $244586

b. $1858586

c. $102677

d. $323384