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Highlander Inc., an all equity firm, has a project with the projected cash flows of -$109,000; $51,800; $54,200; and $31,500 for years 0 to 3,

Highlander Inc., an all equity firm, has a project with the projected cash flows of -$109,000; $51,800; $54,200; and $31,500 for years 0 to 3, respectively. The current risk free rate is 4%, the risk premium on the market portfolio is 8% and Highlander Inc. has a beta of 1.2. What is the NPV of Highlander's project?

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-$1,266.92

$84.94

$1,466.60

-$2,589.84

-$3,884.68

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