Compute the NPV Statistic for Project Y Given the Following

Multiple Choice

Compute the NPV statistic for Project Y given the following cash flows if the appropriate cost of capital is 10 percent. $$\begin{array} { l c c c c c } \text { Time } & 0 & 1 & 2 & 3 & 4 \\\hline \text { Cash Flow } & \$ 8,000 & \$ 3,350 & \$ 4,180 & \$ 1,520 & \$ 2,000\end{array}$$

A) $894.37
B) $993.97
C) $964.72
D) $1,008.03