Best Buy Co. has been offered a business deal. If they take this deal, they will receive $4,000 each of the next 4 years (these are years 1, 2, , 4). The business opportunity requires an initial investment of $1,000 at time 0 plus and additional investment of $2,000 at year 2. What is the net present value (NPV) of this deal if the cost of capital is 7%?

Group of answer choices

$13,000.00

$10,801.97

$10,548.85

$12,548.85