The firm estimates that each shipyacd spends $$500,000$ a year on storm water clean$-$up efforts. If SAP is able to sign up and retain four shipyards from the first year onwards, what is the present value $($PV$)$ of the project $($net of investment$)$ if the cost of capital for SAP is $19\%$ per year? Assume a cost of operations and other costs for SAP equal $50\%$ of revenue.

A$.$ $$5\mathrm{.}54$ million

B$.$ $$4\mathrm{.}69$ million

C$.$ $$4\mathrm{.}26$ million

D$.$ $$5\mathrm{.}12$ million