Bob Entertainment Systems is setting up to manufacture a new line of video
game consoles. The cost of the manufacturing equipment is $1,750,000.
Expected cash flows over the next four years are $725,000, $850,000,
$1,200,000, and $1,500,000. Given the company's required rate of return of 15
percent, what is the NPV of this project? (Do not round intermediate
computations. Round final answer to nearest dollar.)
$1,169,806
$3,122, 607
$4,669,806
$2,919,806