What is the net present value of a replacement project whose cash flows are -$817,000; $448,000; $728,000; and $131,000 for years 0 through 3, respectively? The firm has decided to assume that the appropriate cost of capital is 12.8% p.a. (round to the nearest dollar)
a. $243591
b. $1877591
c. $123240
d. $316827
