A company is considering a project with annual after-tax cash flows of $2,500.00 per year for six years. The company's cost of capital is 14 percent. Present and future value factors for a 14 percent interest rate for six years are as follows:

Future value of $1

2.195

Present value of $1

0.456

Future value of a series of equal payments

8.536

Present value of a series of equal payments

3.889

Using the net present value method, what is the maximum amount that the company should invest?

A)

$1,140.00

B)

$5,487.50

C)

$9,722.50

D)

$21,340.00