The Greasy Spoon Restaurant is considering a project with an initial cost of $625,000. The project will not produce any cash flows for the first three years. Starting in year 4, the project will produce cash inflows of $752,100 a year for three years. This project is risky, so the firm has assigned it a discount rate of 14 percent. What is the project's net present value? a. $417,294.85 b. $424,591.11 c. $451,786.86 d. $512,408.23 e. $553,567.39