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Scotty's secret project has an initial cash outflow of $39,800 and will produce cash inflows of $18,304, $19,516, and $14,280 for years 1 through 3,

Scotty's secret project has an initial cash outflow of $39,800 and will produce cash inflows of $18,304, $19,516, and $14,280 for years 1 through 3, respectively. What is the NPV of Scotty's project if the discount rate is 12%?

$2,265.11

$2,129.09

$7,875.95

$2,971.13

$1,578.88

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