Carland, Inc., has a project available with the following cash flows. If the required return for the project is 9.7 percent, what is the project's NPV?

Year	Cash Flow
0	$276,000
1	87,900
2	110,200
3	126,800
4	78,100
5	13,800

$31,880.52

$45,680.52

$36,994.00

$54,367.04

$27,895.46