What is the net present value of a replacement project whose cash flows are -$820,000; $561,000; $702,000; and $163,000 for years 0 through 3, respectively? The firm has decided to assume that the appropriate cost of capital is 16.9% p.a. (round to the nearest dollar)

Select one:

a. $1915629

b. $275629

c. $362444

d. $117236