You are considering a three-year project that costs $1,500, and has expected cash flows of $500 at the end of the 1st year, $750 at the end of the 2nd year, and $1000 at the end of the 3rd year. Given an 11% required rate of return, what is the projects net present value?

[Hint: PV = FV/(1+ r)^t ]

Group of answer choices

$290

-$560

$630

$23