Julie Miller is evaluating a new project for her firm, Basket Wonders (BW). She has determined that the after-tax cash flows for the project will be $15,000; $18,000; $20,000; $15,000; and $8,000, respectively, for each of the Years 1 through 5. The initial cash outlay will be $40,000. Basket Wonders has determined that the appropriate discount rate (k) for this project is 12%.The NPV of project is;

		14,050
		15,050
		16,050