JAson o. is considering a three-year project with annual operational cash inflows of $42,790 (net, tax-adjusted). The project requires an increase in Net Working Capital of $70,000 and an up front capital expense of $60,000. The capital asset will depreciate to zero in three years with no salvage value. The required return is 22.45%. What is the project NPV? (Note: all tax implications have already been factored into the cashflows above.

Choices:

* $4,610.14

* $104.50

* $3,911.22

* $5.085.11

* $8,878.60