Brandon buys a piece of equipment for $$15,000.$ He pays $$5,000$ for upgrades in year $1$ and the

equipment generates $$2,000$ in cash flow for year $1.$ In year $2$ the equipment generates $$8,000,$ year

$3$ it generates $$4,000,$ but Brandon sells it for $$6,000$ but also pays a $$500$ commission. Brandon$$s

required rate of return is $8\%.$ What is the NPV$?$

a$.<3,378>.$

b$.3,378.$

c$.<2,178>.$

d$.2,178.$