A 25- Year Project Has a Cost of $1,500,000 and Has

Multiple Choice

A 25- year project has a cost of $1,500,000 and has annual cash flows of $400,000 in years 1-15, and $200,000 in years 16-25. The company's required rate is 14%. Given this information, calculate
The NPV of the project.

A) $0.50 million
B) $0.70 million
C) $0.87 million
D) $1.00 million
E) $1.10 million