Charles Henri is considering investing $37,800 in a project that is expected to provide him with cash inflows of $11,600 at the end of each of the first two years and $20,000 at the end of the third year. What is the project's NPV at a discount rate of 0 percent?

a.

$4,469.00

b.

$5,410.00

c.

$4,468.39

d.

$5,400.00

e.

$0