A Proposed 3-Year Project Has Expected Annual Cash Inflows of $5,600,$7,900,and

Multiple Choice

A proposed 3-year project has expected annual cash inflows of $5,600,$7,900,and $11,200,for Years 1 to 3,respectively.What is the net present value of this project at a discount rate of 16 percent if the initial cost is $7,800?

A) $10,713.62
B) $10,073.94
C) $14,103.18
D) $12,292.25
E) $9,899.36