You Have Been Asked to Analyse a Capital Investment Proposal

You have been asked to analyse a capital investment proposal.The project's cost is $2,775,000.Cash inflows are projected to be $925,000 in Year 1;$1,000,000 in Year 2;$1,000,000 in Year 3;$1,000,000 in Year 4;and $1,225,000 in Year 5.Assume that your firm discounts capital projects at 15.5%.What is the project's NPV?

A) $101,247
B) $285,106
C) $473,904
D) $582,380