A Project Will Produce Cash Inflows of $2,800 a Year

Multiple Choice

A project will produce cash inflows of $2,800 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) $1,048.75
C) $4,650.11
D) $9,188.98
E) $11,168.02