A company invests in a new project that requires an initial capital outlay of $882108. The project will generate annual net cash flows of $184129 over a period of 7 years. The after-tax cost of capital is 11%. In addition, a working capital outlay of $83808 will be required. This working capital outlay will be recovered at the end of the projects life.

What is the net present value of the project?

Select one:

a. $-57897

b. $-98264

c. $406795

d. $-14456