You are considering a project that requires an initial investment of $115,000 with a cost of capital of 12\%. You expect the project to have a five-year life, and produce cash flows of $19,000 in year 1 , $36,000 in year 2,$64,000 in year 3,$32,000 in year 4 and $12,000 in year 5 . What is this project's net present value? $4,172 $3,363 $5,226 $6,129