QUESTION 2 A proposed project has an initial cost of $70,000 and is expected to produce cash inflows of $31,700, $50,300, and $42.750 over the next 3 years, respectively. What is the net present value of this project at a discount rate of 15.7 percent? $22,968.33 O $20,681.65 $23.851.64 O $22,575.35