A project requires an initial investment (or you may say, cash outflow) of $225,000 and is expected to generate the following net cash inflows: Year 1: $125,000 Year 2: $120,000 What is Net Present Value (NPV) of the project if the minimum required rate of return (or, you may say firms cost of capital) is 4%?

6301.82

5423.92

6139.05

5624.74