An investment opportunity requires an initial cash outlay of 30,000. Cash flows are expected to be as follows: Year 1 (7,000) Year 2 (2,000) Year 3 13,000 Year 4 36,000 The company's cost of capital is 9%. Depreciation is to be charged annually on a straight line basis over the life of the project. What is the NPV of the project? (27,421) (2,579) 2,579 27,421