Question 40 Not yet saved Marked out of 1.00 A project needs an initial outlay of $3000 for equipment and will net a cash flow of $300 for the next 12 years. At the end of the 12th year, there is a Salvage Value of $1000 for the equipment. What is the NPV of the project if the cost of capital is 12% p.a. effective (to the nearest dollar)? Select one: P Flag question O a. - $915 b. -$885 O c. $2115 d. $1600