Project K has an initial cost of $39,756, and its expected net cash inflows are $8,250 per year for 9 years. The firm has a WACC of 8 percent, and Project Ks risk would be similar to that of the firms existing assets. Calculate the net present value (NPV) of Project K.

*Please include formula. Also, am I able to use shortcut on TI-83 calculator for this one?

a. $34,494.00
	b. $2,612.51
	c. $11,780.83
	d. $28,994.00
	e. $51,536.83