Delia Landscaping is considering a new 4-year project. The necessary fixed assets will cost $157,000 and be depreciated on a 3-year MACRS and have no salvage value. The MACRS percentages each year are 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. The project will have annual sales of $94,000, variable costs of $27,300, and fixed costs of $11,900. The project will also require net working capital of $2,500 that will be returned at the end of the project. The company has a tax rate of 34 percent and the project's required return is 8 percent. What is the net present value of this project?

$5,803

$7,231

$8,793

$6,331

$8,130