What is the net present value of a project with the following cash flows and a required return of 14 percent?

Year	Cash Flow
0	$60,300
1	16,300
2	38,530
3	3,900

a. -$13,353.25

b. -$13,721.78

c. $13,353.25

d. -$17,362.71

e. $13,721.78