AlphaX Enterprise believes its latest project will cost $317,000 to install and will generate a perpetual stream of cash flows. Cash flow at the end of the first year will be $13,000 and cash flows in future years are expected to grow indefinitely at an annual rate of 5.6%. If the discount rate is 10.9% , what is the project NPV?

a. -$78,889 b. -$44,465 c. -$58,091 d. -$114,747 e. -$71,717