A project will produce an operating cash flow of $$12,000$ a year for $5$ years. The initial fixed asset investment in the project will be $$26,000.$ The project requires $$840$ of net working capital which will be recouped when the project ends. The net aftertax salvage value is estimated at $$4,400$ 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 $12$ percent?

$$11,627\mathrm{.}54$

$$14,070\mathrm{.}26$

$$19,190\mathrm{.}63$

$$23,070\mathrm{.}26$