Lexiterra has limited budget to upgrade its information systems. It can undertake either a client relationship management project $($Project CRM$)$ or a knowledge management project $($Project KM$).$ It hired a brilliant student taking Project Management course at NYU to provide the net present value analysis on these two projects. The student determined that Project CRM would cost the firm $$230,000$ at the start of the project and provide benefits equal to $$130,000$; $$170,000$ and $$125,000$ for next three years. While Project KM would cost the firm $$160,000$ at the start of the project and provide benefits equal to $$40,000$; $$75,000$; $$120,000$ and $$90,000$ for the next four years. The required rate of return is $13\%.$ What is the net present value of Project CRM$?$

Question $7$ options:

$16261$

$89764$

$104810$

$86631$

$72499$