XYZ is considering a project that would last for 3 years and have a cost of capital of 20.70 percent. The relevant level of net working capital for the project is expected to be $1,701.00 immediately (at year 0); $4,870.00 in 1 year; $15,700.00 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 52.90 percent. What is the net present value of this project? .

	Year 0	Year 1	Year 2	Year 3
Revenue	$ 0.00	$10,000.00	$13,900.00	$12,400.00
Costs	$ 0.00	$3,920.00	$3,510.00	$2,200.00
Depreciation	$ 0.00	$1,860.00	$2,270.00	$2,100.00
Cash flows from capital spending	$-7,030.00	$ 750.00	$1,780.00	$3,600.00

		$10427.36 (plus or minus $10)
		$7903.11 (plus or minus $10)
		$470.17 (plus or minus $10)
		$4763.59 (plus or minus $10)
		None of the above is within $10 of the correct answer