Compute the NPV Statistic for Project X Given the Following

Multiple Choice

Compute the NPV statistic for Project X given the following cash flows if the appropriate cost of capital is 12 percent.
Project X
$$\begin{array} { c c c c c c } \text { Time } & 0 & 1 & 2 & 3 & 4 \\\text { Cash Flow } & - \$ 15,000 & \$ 6,000 & \$ 10,000 & \$ 12,000 & - \$ 1,000\end{array}$$

A) $6,234.93
B) $7,505.96
C) $8,417.80
D) $37,505.96