A proposed project requires an initial cash outlay of $75,000 for equipment and an additional cash outlay of $25,000 in Year 1 to cover operating costs. During Years 2 through 4, the project will generate cash inflows of $50,000 a year. What is the net present value of this project at discount rate of 12.2 percent? Multiple Choice $9,385.06 $9,43242 $8,851.67 $7,441.33 $53.948.34