XYZ is considering a project that would last for 3 years and have a cost of capital of 22.70 percent. The relevant level of net working capital for the project is expected to be $1,936.90 immediately (at year 0); $4,540.00 in 1 year; $15,000.00 in 2 years; and $0.00 in 3 years. Relevant expected revenue, costs, depreciation, and cash flows from capital spending in years 0, 1, 2, and 3 are presented in the following table. The tax rate is 50.20 percent. What is the net present value of this project? .

	Year 0	Year 1	Year 2	Year 3
Revenue	$ 0.00	$13,000.00	$11,900.00	$10,500.00
Costs	$ 0.00	$3,970.00	$3,780.00	$2,100.00
Depreciation	$ 0.00	$1,630.00	$2,400.00	$2,800.00
Cash flows from capital spending	$-5,750.00	$1,390.00	$ 980.00	$3,710.00

		$1561.19 (plus or minus $10)
		$5999.49 (plus or minus $10)
		$7957.36 (plus or minus $10)
		$11771.71 (plus or minus $10)
		None of the above is within $10 of the correct answer