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Values in the table area cash flows in that year. The projects are independent of each other. The required rate of return for all projects

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Values in the table area cash flows in that year. The projects are independent of each other. The required rate of return for all projects is 13%. Year 4 Project April Project June Project July Year 0 ($1,000) ($21,000) ($5,120) Year 1 $0 $6,000 $1,000 Year 2 $0 $6,000 $1,000 Year 3 $0 $6,000 $2,000 Year 5 $1,900 $6,000 $2,000 $6,000 $0 Which of the following is closest to the NPV of Project July? Select one: O a. ($980) b. ($558) c. $0 O d. $558 e. $980

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