Your firm is considering a capital budgeting decision that will require an initial investment of $8.2 million. The free cash flow produced by this project will be $1.93 million per year for the next 6 years. The firm currently issues bonds with a yield to maturity of 5.67%. The cost of equity capital for the firm is 11.31%. The firm has a debt to equity ratio of 0.62 and currently faces a tax rate of 40 percent. The NPV for this project is:

A. $645,945

B. $671,783

C. $418,860

D. $553,667

E. $581,350