A project has an initial cash outflow of $26,800 and produces cash inflows of $8,304, $12,516, $18,240, and $10,390 for years 1 through 4, respectively. What is the NPV at a discount rate of 12 percent?

$8,312.46

b.

$10,177.87

c.

$12,029.09

d.

-$1,208.19

e.

$7,675.95