Yolanda is planning to take a project that will generate cashflows of $5,500 per year for five years with the first inflow coming in one year from now. Based on her analysis, she would like to use a discount rate of 11%. What is the maximum initial investment that Yolanda would be willing to pay for the project to be acceptable (you may use the NPV method for this analysis).

Select one:

a. $15,967.39

b. $125,000.00

c. $19,500.00

d. $20,327.43

e. $55,000.00