Use the following information to answer question

Below are the estimated cash flows for two mutually exclusive projects for a company. The company has a WACC of 12%.

Cash flows in M $

year / project a / project b

0 /$(45,000.00) /$(12,000.00)

1 /$ 2,000.00 / $2,000.00

2 / $ 5,000.00 / $2,000.00

3/ $12,000.00 / $3,000.00

4 /$27,000.00 / $ 5,000.00

5 / $30,000 / $8,000.00

Use the data from the second scenario to answer this question.

What is the NPV of project B?

	A.	$1,232.45
	B.	$1,494.84
	C.	$3,566.78
	D.	$1,100.40