KB. Romero Company is deciding on whether to accept a project on January 1, 2012, that requires a $124,000 investment with an estimated residual value of $22,000. The income and operating cash flows (not including the residual value) expected follow:

	Projected Cash Flows	Projected Net Income
2012	$40,000	$6,000
2013	$48,000	$14,000
2014	$51,000	$17,000

If Romeros required rate of return is 8.3%, how much is the NPV?

Group of answer choices

($5,991)

Some other answer

$17,170

$48,179

$11,329