Net Present Value: the Cyclone Golf Resorts Is Redoing Its

Net present value: The Cyclone Golf Resorts is redoing its golf course at a cost of $2,744,320. It expects to generate cash flows of $1, 223,445, $2,007,812, and $3,147,890 over the next three years. If the appropriate discount rate for the firm is 13 percent, what is the NPV of this project?

A) $7,581,072
B) $2,092,432
C) $4,836,752
D) $3,112,459