Lynchburg Development has a project that is expected to produce cash inflows of $3,200 a year for 4 years with a final cash inflow of $4,700 in year 5. The project's initial cost is $10,500. What is the net present value of this project if the required rate of return is 7.8 percent?

		-$811.46
		$1,374.81
		$3,374.69
		$5,671.18
		$8,988.12