A firm plans to invest in a new project that will last for four years and will generate revenues of $1,000,000 in year one, $1,300,000 in year two, $1,500,000 in year three and $1,250,000 in year four. The investment in Net Working Capital needs to be 15% of the revenue in the following time period. What is the cash flow from changes in Net Working Capital in year three?

• none of the choices is correct

• -$30,000

• $37,500

• $30,000

• -$45,000