XHZ Ltd Is Looking at Establishing a New Fashion Retail

XHZ Ltd is looking at establishing a new fashion retail outlet in a new shopping centre being built.To secure the outlet XHZ Ltd will have to pay an initial cash outlay of $100,000 now and another $250,000 is 4 years' time when the outlet opens.The outlet is then expected to generate after tax cash flows of $380,000 p.a.for a period of 5 years after it opens (the first cash flow will be at the end of year 5) .At the end of that time the lease will expire and XHZ's board does not anticipate that it will extend the lease.If XHZ uses a cost of capital of 7.50% p.a. ,what is the NPV of this project?

A) $801,233.09
B) $720,914.50
C) $796,774.84
D) $864,032.96