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SHOW ALL WORK PLEASE A project is expected to create operating cash flows of $25,500 a year for three years. The initial cost of the

SHOW ALL WORK PLEASE

A project is expected to create operating cash flows of $25,500 a year for three years. The initial cost of the fixed assets is $53,000. These assets will be worthless at the end of the project. An additional $4,000 of net working capital will be required throughout the life of the project. What is the project's net present value if the required rate of return is 13 percent?
$ 3,209.39
$ 1,807.69
$ 9,981.59
$ 5,981.59
$ 1,981.59

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