The Hangover Diner is considering a project to build a new diner next to Saint Joseph's University with an initial cost of $555,000. Construction will take 2 years. The diner will open in year 3 , so no cash will be received in the first 2 years. At the end of the third year, the diner expected to produce a cash inflow of $100,000. Starting in the fourth year the cash flows are expected to grow by 2.50% per year forever. What is the project's net present value today at a 15% discount rate? $22,711 $44,274 $49,915 $58,552