A new project will have an intial cost of $75,000. Cash flows from the project are expected to be $45,000,$25,000, and $20,000 over the next 3 years, respectively. Assuming a discount rate of 8%, what is the project's NPV? $3,817.71 $3,579.10 $3,698.41 $3,976.78 $4,056.32