A Project Is Expected to Create Operating Cash Flows of $37,600

Multiple Choice

A project is expected to create operating cash flows of $37,600 a year for 3 years.The initial cost of the fixed assets is $98,000.These assets will be worthless at the end of the project.Also,$3,200 of net working capital will be required throughout the life of the project.What is the project's net present value if the required rate of return is 14 percent?

A) $11,746.73
B) $12,011.98
C) $10,927.87
D) −$11,746.73
E) −$12,011.98