Assume SAP Inc. received a $$2$ million grant under its Small Business Innovation program. SAP invested the grant money and developed a system to remove metal contaminants from storm water in shipyards. The firm estimates that each shipyard spends $$700,000$ a year on storm water clean $-$ up efforts. If SAP is able to sign. up and retain four shipyards from the first year onwards, what is the present value $($PV$)$ of the project $($net of investment$)$ if the cost of capital for SAP is $12\%$ per year? Assume a cost of operations and other costs for SAP equal $50\%$ of revenue.

A$.$ $$9\mathrm{.}67$ million

B$.$ $$10\mathrm{.}15$ million

C$.$ $$8\mathrm{.}22$ milkion

D$.$ $$7\mathrm{.}73$ million