S Company recently invested in a project with a 3-year life span. The initial investment was $15,060 and annual cash inflows were $7,000 for year 1; $8,000 for year 2; and $9,000 for year 3. The company expects a 15% required rate of return, information related to that is presented below. What is the net present value for the project? Year 1 2 3 Present Value .870 756 658 Present Value of an Annuity 870 1.626 2.283 a) $15,264. b) $3,000. c) $9,744. d) $12,000