The table below shows the projected free cash flows of an investment is your HR Departments new Employee Relations Counseling Office with an expected return (or discount rate) of 9% on this investment from better employee performance and reduced employee lawsuits. YEAR 0 (2022) 2023 2024 2025 FREE CASH FLOW ($ thousands) -$450 $56 $86 $42 The Present Value of $1 Table tells us: Period (n) Present Value Factor at 9% Discount Rate 1 .917 2 .842 3 .772 What is the Net Present Value (NPV) of this investment?

Please use the following formula:

NPV = Present Value of Cash Inflows - Present Value of Cash Outflows

Group of answer choices

a. $121,019.

b. -$293,812.

c. -$193,812.