Niwot IncIs Considering an Investment That Will Generate $600,000 in Cash

Niwot Inc.is considering an investment that will generate $600,000 in cash inflows per year for 7 years and has $360,000 of cash outflows for the same period (before income taxes) .The cost of the asset is $420,000 and it will be depreciated using straight-line depreciation over the 7 year life.The asset has no salvage value.Niwot's tax rate is 30%.The cost of capital is 9%.

What is the net present value of this investment (rounded to the nearest dollar) ?

A) $516,138
B) $953,400
C) $999,180
D) $485,940
E) None of the answer choices is correct.