What is the net present value of the project based on the information below? - Initial investment (Year O): 20,000 -Year 1 cash flow: 5,000 - Year 2 cash flow: 8,000 - Year 3 cash flow:12,000 - Required rate of return: 8% $3,904 $5,000 $2,576 $1,014 The graph below describes Cost Volume of output Variable cost with economies of scale Stepped-fixed cost Semi-variable cost Variable cost with diseconomies of scale