As the director of capital budgeting for Denver Corporation, you areevaluating two mutually exclusive projects with the follo Shannonindustries is considering a project which has the following cash flows: Year Cash Flow 0 ? 1 $2,000 2 3,000 3,000 1,500 Theproject has a payback period of 2.5 years. The firm's cost of capital is 12 percent. What is the project's net present value NPV? $577.68 $ 765.91 $1,049.80 $2,761.32 $3.765.91