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What is the NPV (net present value) of a project that has an initial investment of $1,000,000 and generates cash flow of $250,000 for 9

What is the NPV (net present value) of a project that has an initial investment of $1,000,000 and generates cash flow of $250,000 for 9 years and nothing after 9 years, assuming the required discount rate is 15%--which answer is closest to actual:

A.

$203,000

B.

$193,000

C.

$302,000

D.

-$123,000

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