Rockmont Recreation Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected.

WACC = 9.6%

Year:

0

1

2

3

Cash flows:

-$985

$470

$490

$510

Select the correct answer.

$229.83

$239.13

$232.93

$242.23

$236.03