Determine the Net Present Value of the Following Capital Project

Determine the Net Present Value of the following capital project. Cash outflows will be as follows: $500,000 immediately, $200,000 at the ends of years 3 and 6. Cash inflows at the ends of years 1, 2, 4, 5, 7 and 8 will be $250,000, $250,000, $350,000, $350,000, $450,000 and $450,000 respectively. The required rate of return is 30% compounded annually. The Net Present Value is:

A) ($51,458)
B) $51,458
C) $93,976
D) ($316,782)
E) $316,782