Suppose you are trying to evaluate a project with the following cash flows:

Year	Cash flow
0	-$25,400
1	$12,600
2	$8,600
3	$9,600

If the required return for the project is 7%, what is the net present value of the project?

Group of answer choices

$7,123.73

$1,723.73

$2,854.57

$10,320.24

$5,643.90