A Project Will Produce Cash Inflows of $3,200 a Year

Multiple Choice

A project will produce cash inflows of $3,200 a year for 4 years with a final cash inflow of $5,700 in year 5. The project's initial cost is $9,500. What is the net present value of this project if the required rate of return is 16 percent?

A) -$311.02
B) $2,168.02
C) $4,650.11
D) $9,188.98
E) $21,168.02