What is the net present value of a replacement project whose cash flows are -$845,000; $434,000; $693,000; and $119,000 for years 0 through 3, respectively? The firm has decided to assume that the appropriate cost of capital is 12.4% p.a. (round to the nearest dollar)

a.

$173452

b.

$1863452

c.

$61096

d.

$241470