A Proposed Project Requires an Initial Cash Outlay of $849,000

Multiple Choice

A proposed project requires an initial cash outlay of $849,000 for equipment and an additional cash outlay of $48,500 in year 1 to cover operating costs.During years 2 through 4,the project will generate cash inflows of $354,000 a year.What is the net present value of this project at a discount rate of 13 percent? Round your answer to the nearest whole dollar.

A) -$152,232
B) -$66,391
C) $67,333
D) $128,612
E) $239,602