Assume the following for a project under evaluation: ** The project's life is 4 years. ** The total time zero, initial cost of $55,000. ** The total net operating cash flow each year is $15,000. ** In addition to the terminal year operating cash flow, there is a non-operating, terminal year If the cost of capital for a project of this risk is 7%, what is the project's NPV? Accept or reject the project?

123,000; accept

13,000; accept

-56,911; reject

1,911; accept

13,355; accept