A Project Will Produce Cash Inflows of $3,650 a Year

Multiple Choice

A project will produce cash inflows of $3,650 a year for four years. The start-up costs are $15,000. In year five, the project will be closed and as a result should produce a cash inflow of $7,500. What
Is the net present value of this project if the required rate of return is 11.5 percent?

A) $487.82
B) $501.09
C) $533.23
D) $556.07
E) $608.18