Weir Inc. is considering a project that contributes $10,000 at the end of the first year and $5000 at the end of the second year? The initial cost of the project is $8,000. What is the net present value of the project at a 10% discount rate? Hint: Net present value is the sum of all present and future cash flows but present cash flows at t = 0 are not discounted; all other cash flows occurring after t = 0 must be discounted.

		$ 12,793.76
		$ 7,000.00
		$ 4,132.23
		$ 5,223.14
		$ 6,187.38