Marian Cebrian owns his own business and is considering an investment. If he undertakes the investment, it will pay $6,840 at the end of each of the next 33 years. The opportunity requires an initial investment of $1,710 plus an additional investment at the end of the second year of $8,550. What is the NPV of this opportunity if the interest rate is 2.6% per year? Should Marian take it?

Select one:

a. The NPV is $9,665. Yes, he should take it.

b. The NPV is $9,665. No, he should not take it.

c. The NPV is -$9,665. Yes, he should take it.

d. The NPV is -$9,665. No, he should not take it.