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