What is the NPV for a project whose cost of capital is 0% and its initial cost after tax is $ 5,000,000 and is expected to provide operational cash flows of $ 1,800,000 in year 1, $ 1,900,000 in year 2, $ 1,700,000 in year 3 and $ 1,300,000 in year 4? Using this information, use the profitability index and determine if this investment opportunity is worth investing in.

a. $ 1,900,000; it is accepted

b. ($ 1,900,000); is rejected

c. $ 1,700,000; it is accepted

d. ($ 1,700,000); is rejected

e. Cannot be calculated because information is missing