2. Winston Clinic is evaluating a project that costs $50,000 and has expected net cash inflows of $12,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 12%. What is the project's NPV? Choice: $3,495.25 Choice: $8,503.50 Choice: $9,611.68 Choice: $7,487.87