Wyatt oil is considering drilling a new self-sustaining oil well at a cost of $1,000,000. This well will produce $100,000 worth of oil during the first year and will grow by 3%, per year forever. If the Wyatt oil's appropriate interest rate is 8%, then the NPV of this oil well is closest to:

Group of answer choices

$0

-$250,000

$1,000,000

$250,000