A project will not produce any cash flows for two years. Starting in the third year, it will produce annual cash flows of $45,600 a year for two years. In Year 5, the project will be closed and as a result should produce a final cash inflow of $10,000. The project initially costs $65,000. What is the net present value of this project if the required rate of return is 12.7 percent?

-$871.53

-$124.43

$622.67

$1,369.77

$2,116.87