(Chapter 6) Lester's has a new project with projected real cash flows of $12,200, $14,600, and $16,300 for Years 1 to 3, respectively. The nominal discount rate is 15.85 percent and the inflation rate is 4 percent. What is the net present value of the project if the initial cost is $25.000? (Choose closest answer if necessary) $9.711.64 $8.946.48 $9.513.03 $9.444.15 39 248.74