Consider a project in which the initial investment is $70,000. The predicted cash flows for the following 4 years are $40,000, $30,000, $30,000, $40,000 in year 1, 2, 3, and 4, respectively. What is the NPV of this project is the discount rate is 10%?

Group of answer choices

$41,017.01

$46,878.22

$31,344.31

$52,919.34

Correct answer is not available