A project will produce cash inflows of $1,750 a year for four years. The project initially costs $10,600 to get started. In year five, the project will be closed and as a result should produce a cash inflow of $8,500. What is the net present value of this project if the required rate of return is 14.75%?

Select one:

a. $1,011.40

b. -$1,306.18

c. $5,474.76

d. -$935.56

e. -$5,474.76