Consider a twelve-year project that costs $48,000 today and will produce after-tax cash flows of $6,000 each year for the first four years, $7,000 each year for the next four years, and $8,000 each year for the last four years. If the cost of capital is 7 percent, what is the projects NPV?

		$3,229.86
		$1,707.67
		$20,092.41
		$6,182.98