Which of the following comes closest to the net present value (NPV) of a project whose initial investment is $5 and which $3 and the second at the end of year 4 of $7? The required rate of return is 11%? produces two cash flows: the first at the end of year 2 of a. $0 b. $1.84 c. $1.64 d. $2.05 e. $2.26