A project will produce cash inflows of $3,100 a year for 3 years with a final cash inflow of $4,400 in Year 4. The project's initial cost is $10,400. What is the net present value if the required rate of return is 16%?

a. $2,188.98

b. -$311.02

c. $1,650.11

d. -$1,007.66

e. $1,168.02