Jabroni Co$.$ is considering a project with an initial cost of $$4$ million. The project will produce cash inflows of $$1\mathrm{.}5$ million a year for five years. The firm uses the subjective approach to assign discount rates to projects. For this project, the subjective adjustment is $2\%$ higher. The firm has a basic weighted average cost of capital of $12\%.$ What is the net present value of the project?

$$1\mathrm{.}69$ million

$$1\mathrm{.}15$ million

$$1\mathrm{.}99$ million

$$1\mathrm{.}41$ million