Augusta Auto Parts is thinking about opening a new facility in town. This facility has a cost of $1,300,000 and would generate cash flows of $300,000, each year, for the next seven years. The current market interest rate is 11%. Augusta's accountant reported the present value factor for this project to be 4.71220. What is the net present value of the cash flows from this investment? a.) $1,413,360 b.) $1,235,650 c.) $2,100,000 d.) $972,900