The equipment required for a four year project costs $60,000 and belongs in a 20% CCA class.It will be sold for $7,000 at the termination of the project. The project generates additional operating income of $20,833. If the firm has a tax rate of 34% and a required return of 10%, what is the NPV?

The options are:

$2,842

$265

$1,839

$1,133

$2,261