You have been presented with the following data for Project A:

Year 0 Initial Cost $300,000

Year 1 Net cash flow after tax $40,000

Year 2 Net cash flow after tax $60,000

Year 3 Net cash flow after tax $80,000

Year 4 Net cash flow after tax $100,000

Year 5 Net cash flow after tax $120,000

If the cost of capital is 9% p.a., the NPV is:

Select one:

a. $297,807.02 positive

b. $2,192.98 negative

c. $300,000.00 positive

d. $5,643.30 negative