1. A project costs $50,000. It is expected to generate cash flows of $15,000 in Year 1, $20,000 in Year 2, $25,000 in Year 3, $30,000 in Year 4, and $35,000 in Year 5. The company has a 15% required rate of return. What is the net present value of this project?(Solve using Excel; round your answer to the nearest whole dollar amount.)

a. $91,171

b. $29,158

c. $79,158

d. Some other answer