You've graduated from college and are now working in an investment firm where you advise clients on investment decisions. Here is the information on a proposed project.

Up-front cost: $300,000

Next year's revenue: $15,000

Real interest rate: 8%

Depreciation rate: 10%

What is the present value of the stream of payments from this project?

Group of answer choices

$383,333

$83,333

$315,000

$18,000