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Project X will produce cash inflows of $5,000 a year for 2 years with a final cash inflow of $10,000 in year 3. The project's

Project X will produce cash inflows of $5,000 a year for 2 years with a final cash inflow of $10,000 in year 3. The project's initial cost is $15,500. What is the net present value of this project if the required rate of return is 8 percent?

1,354.65

1,478.32

-1,001.91

1,593.19

-1,657.69

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