Calculate the Net Present Value (NPV) for the following project. An outflow of $14,000 in year 0

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Calculate the Net Present Value (NPV) for the following project. An outflow of $14,000 in year 0 followed by an inflow of $6,000, $7,000 and $7,000 in one-year increments with a discount rate of 8%.

a) $4,371.21

b) $3,712.21

c) $3,426.83

d) $3,113.75

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