Your organization is evaluating a project to decide whether to go or not go for it. The estimated cost of this project is 500,000 USD and the duration of this project is three years. At the end of the first year, you will get 200,000 USD revenue, at the end of the

second year, you will get 170,000 USD, and at the end of the third year, you will get 200,000 USD. Considering 8% discount rate, which of the following statements is true about the NPV of the project?

(a)      The NPV is positive, you will go for it

(b)     The NPV is positive, you will not go for it

(c)      The NPV is negative, you will go for it

(d)      The NPV is negative, you will not go for it