The Cyclone Golf Resorts is redoing its golf course at a cost of $$2,700,000.$ It expects this improvement to generate cash flows of $$1,200,000$ over the next four years. If the company's discount rate is $8\%,$ what is the net present value of this project?

$$1,274,552$

$$6,674,552$

$$2,092,432$

$$1,679,323$