Gamma Corporation Is Considering an Investment of $516,000 in a Land

Gamma Corporation is considering an investment of $516,000 in a land development project.The investment will yield cash inflows of $200,000 per year for five years.The company uses a discount rate of 9%.What is the net present value of the investment?
Present value of an ordinary annuity of $1:

A) $237,360
B) $262,000
C) $340,560
D) $200,000