Cheyenne Inc. recently invested in a project with a $3-$year life span. The net present value was $$9600$ and annual cash inflows were

$$31000$ for year $1$;$$33000$ for year $2$ ; and $$35000$ for year $3.$ The initial investment for the project, assuming a $15\%$ required rate of

return, was

$$55542.$

$$62314.$

$$65348.$

$$76530.$