A project is expected to produce cash inflows of $6,500 for three years. What is the maximum amount that can be spent on costs to initiate this project and still consider the project as acceptable, given an 11% discount rate?

Question 9 options:

A)$15,967.39

B)$19,500.00

C)$15,884.15

D)$15,897.97

E)$15,900.00