Which of the following values comes closest to the net present value of a project that requires an initial investment of $250 and produces cash flows of $60 per year for 10 consecutive years beginning at the end of year 5 (the cash flows go from the end of year 5 through the end of year 14)? The required rate of return is 10%?

a. $1.81 b. ($34.55) c. ($17.23) d. ($50.32) e. ($64.70)