XYZ is considering a project that would last for 3 years and have a cost of capital of 19.40 percent. The relevant level of net working capital for the project is expected to be $2,161.90 immediately (at year 0); $4,850.00 in 1 year; $14,100.00 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 53.90 percent. What is the net present value of this project? .

	Year 0	Year 1	Year 2	Year 3
Revenue	$ 0.00	$12,500.00	$13,100.00	$10,900.00
Costs	$ 0.00	$3,570.00	$3,640.00	$2,400.00
Depreciation	$ 0.00	$1,810.00	$1,770.00	$2,500.00
Cash flows from capital spending	$-5,800.00	$1,720.00	$1,620.00	$3,420.00

		$12491.02 (plus or minus $10)
		$8468.55 (plus or minus $10)
		$3028.44 (plus or minus $10)
		$7254.58 (plus or minus $10)
		None of the above is within $10 of the correct answer