The net present value (NPV) rule is considered one of the most common and preferred criteria that generally lead to good investment decisions. Consider this case: Suppose Happy Dog Soap Company is evaluating a proposed capital budgeting project (project Beta) that will require an initial investment of $2,500,000. The project is expected to generate the following net cash flows: Year Year 1 Year 2 Cash Flow $300,000 400,000 450,000 425,000 Year 3 Year 4 Happy Dog Soap Company's weighted average cost of capital is 7%, and project Beta has the same risk as the firm's average project. Based on the cash flows, what is project Beta's NPV? (Note: Do not round your intermediate calculations.) -$1,355,489 -$753,686 $1,321,314 -$1,178,686