Bronc Company is considering a project with the following cash flows:

Initial outlay = $1,000

Cash flow at the end of Year 1 = $500

Cash flow at the end of Year 2 = $500

Cash flow at the end of Year 3 = $500

If the appropriate discount rate is 15%, compute the net present value (NPV) of this project.

$141.61

$250

$500

$1,141.61