You have been asked to analyze a project by calculating the NPV of the project.This project is expected to produce cash flows of $41,000, $39,000, and $17,000 over the next three years, respectively. After three years, the project will be worthless. What is the net present value of this project if the applicable discount rate is 12.25 percent and the initial cost is $78,500?pick the closest answer)

997.44

$2,309.09

$3,132.48

$3,457.96

$79,497.44