$1.$ Net present value $($NPV$)$ Evaluating cash flows with the NPV method The net present value $($NPV$)$ nule is considered one of the most common and preferred criteria that generally lead to good investment decisions. Consider this case: Suppose Celestial Crane Cosmetics is evaluating a proposed capital budgeting project $($project Beta$)$ that will require an initial investment of $ $2,500,000.$ The project is expected to generate the following net cash flows: Celential Crane Cosmetics's weighted average cost of capital is $7\%,$ and project Beta has the same risk as the firm's average project. Based on the cash flows, what is project Beta's NPV$?$

$[-$$ $1,333,747$; $-$$ $761,456$; $-$$ $686,456$; $-$$ $1,111,456]$