What is the net present value of a project with the following cash flows if the discount rate is 13 percent? Year Cash Flow

0 -$ 39,000

1 12,800

2 21,700

3 18,100

Select one:

a. $1,465.92

b. $1,865.92

c. $1,466.02

d. $1,654.02

e. $1,667.67