What is the net present value of a replacement project whose cash flows are -$842,000; $451,000; $723,000; and $128,000 for years 0 through 3, respectively? The firm has decided to assume that the appropriate cost of capital is 17.7% p.a. (round to the nearest dollar)

Select one:

a. $141577

b. $1825577

c. $-6335

d. $233953