XYZ is evaluating a project that would last for 3 years. The project's cost of capital is 14.00 percent, its NPV is $45,400.00 and the expected cash flows are presented in the table. What is X?

Years from today	0	1	2	3
Expected Cash Flow (in $)	-55,300	70,600	-13,300	X

Answers:-

		An amount equal to or greater than $61,987.00 but less than $67,327.00
		An amount less than $45,400.00 or an amount greater than $77,876.00
		An amount equal to or greater than $67,327.00 but less than $77,876.00
		An amount equal to or greater than $55,463.00 but less than $61,987.00
		An amount equal to or greater than $45,400.00 but less than $55,463.00