Use the following table,

	Present Value of an Annuity of 1
Period	8%	9%	10%
1	0.926	0.917	0.909
2	1.783	1.759	1.736
3	2.577	2.531	2.487

A company has a minimum required rate of return of 9%. It is considering investing in a project which costs $400000 and is expected to generate cash inflows of $180000 at the end of each year for three years. The net present value of this project is

a. $455580.

b. $45558.

c. $90000.

d. $55580.