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ABCD Company is considering a project with an initial cost of $124,000. The project will not produce any cash flows for the first three years.

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ABCD Company is considering a project with an initial cost of $124,000. The project will not produce any cash flows for the first three years. Starting in Year 4, the project will produce cash inflows of $85,000 a year for three years. This project is risky, so the firm has assigned it a discount rate of 15 percent. What is the project's net present value? Select one: A. $3,136.43 B. -$3,140.95 C. $131,000 D. $105,222 E. $3,606.89

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