The Following Details Are Provided by Beckett Company Present Value of $1

The following details are provided by Beckett Company: $$\begin{array} { | c | r | } \hline \text { Initial investment } & \$ 2,020,000 \\\hline \text { Discount rate } & 12 \% \\\hline \text { Yearly cash inflows } & \\\hline 1 & \$ 786,000 \\\hline 2 & \$ 678,000 \\\hline 3 & \$ 678,000 \\\hline 4 & \$ 678,000 \\\hline 5 & \$ 786,000 \\\hline\end{array}$$ Present Value of $1:
$$\begin{array} { | l | r | r | r | r | } \hline &{ \mathbf { 1 0 } \% } & { \mathbf { 1 1 } \% } &{ \mathbf { 1 2 } \% } & { \mathbf { 1 3 } \% } \\\hline 1 & 0.909 & 0.901 & 0.893 & 0.885 \\\hline 2 & 0.826 & 0.812 & 0.797 & 0.783 \\\hline 3 & 0.751 & 0.731 & 0.712 & 0.693 \\\hline 4 & 0.683 & 0.659 & 0.636 & 0.613 \\\hline 5 & 0.621 & 0.593 & 0.567 & 0.543 \\\hline\end{array}$$ Calculate the NPV of the project.

A) $959,500
B) $581,870
C) $1,015,050
D) $252,500