A property is available for purchase for $620,000. The property is expected to generate cash flows of $43,120 per year for the next 5 years. The property is expected to fetch a value of $700,000 at the end of year 5.

Refer to the same question, what is the NPV for the project? The investors hurdle rate is 8%.

a. $28,573.89

b. $1,268,573.89

c. $1,348,573.89

d. -$51,426.11