A project will produce an operating cash flow of $$9,000$ a year for $8$ years. The initial fixed asset investment in the project will be $$65,000.$ The net aftertax salvage value is estimated at $$55,250$ and will be received during the last year of the project's life. What is the net present value of the project if the required rate of return is $11$ percent?

$$5,077\mathrm{.}96$

$$5,289\mathrm{.}54$

$$4,601\mathrm{.}90$

$$4,866\mathrm{.}38$

$$4,760\mathrm{.}59$