The Horizon Company will invest $60,000 in a temporary project that will generate the following cash inflows for the next three years.

Year	Cash Flow
1................	$15,000
2................	25,000
3................	40,000

The firm will also be required to spend $10,000 to close down the project at the end of the three years. If the cost of capital is 6 percent, what is the net present value of this project?

a) approx. 900

b) 69,995

c) (8,400)

d) 1,595