An investment project in your medical monitoring company requires a net investment of $100,000. The project is expected to generate annual net cash inflows (cost savings) of $28,000 for the next 5 years. Your company's cost of capital is 12 percent. Your company would use the NPV technique to determine whether or not to invest in the project. Base on this information your NPV on the project is closest to: Select one:

a. $77,884

b. 100,940

c. $40,000

d. $ 940