IMM Corporation is considering the following project:

Year	Project A
0	-1,000
1	700
2	500
3	300

The firm uses the following WACC brackets to determine a project's cost of capital:

Higher-then-average risk: 9%

Average risk: 6%

Lower-than-average risk: 3%

The project is considered lower-than-average risk. What is the NPV of the project?

Select one:

a. $401.45b. $385.22c. $425.45d. $433.26e. $390.09