An investment project has a positive net present value (NPV) of $7,222 when its cash flows are discounted at the cost of capital of 10% per annum. Net cash inflows from the project are expected to be $18 000 per annum for five years The cumulative discount (annuity) factor for five ears at 10% is 3.791. What is the investment at the start of the project? a. $61,016 b. $75,460 c. $82,778 d. $68,238