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A project will produce cash inflows of $1,750 a year for four years. The project initially costs $7,164 to get started. In year five, the

A project will produce cash inflows of $1,750 a year for four years. The project initially costs $7,164 to get started. In year five, the project will be closed and as a result should produce a cash inflow of $3,500. The net present value of this project is closest to what value if the required rate of return is 12%?

a.-$1,306.18

b.$1,011.40

c.-$5,474.76

d.$95.56

e.$5,474.76

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