A project will produce cash inflows of $2,000 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 $9,500. What is the net present value of this project if the required rate of return is 11.5%?

Group of answer choices

$865

$935

$6,900

$1,900

$1,052