A project requires an initial outflow of $130,000 and is expected to produce $50,000 inflows over each of the next three years. In the 4th year, an outflow of $20,000 is required. If the required return of the project is 5%, what is its NPV (rounded to the nearest dollar)?

a.

68515.00

b.

68525.00

c.

-102378.00

d.

-68517.00

**Please update with correct work. Options are incorrect per the professor