Online Store is considering a project with an initial cost of $500,000. The project will not produce any cash flows for the first two years. Starting in Year 3, the project will produce cash inflows of $95,000, Year 4 of 150,000, Year 5 of 150,000, Year 6 of $200,000, Year 7 of $225,000 and year 8 of $175,000. This project is risky, so the firm has assigned it a discount rate of 12.5 percent. What is the project's net present value?

Group of answer choices

$23,774

$112,192

$102,414

$9,118

$144,353