What Is the Net Present Value of the Following Set

Multiple Choice

What is the net present value of the following set of cash flows at a discount rate of 5 percent? At 15 percent? $$\begin{array} { | c | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 23,600 \\\hline 1 & 8,200 \\\hline 2 & 9,100 \\\hline 3 & 10,600 \\\hline\end{array}$$

A) $1,018.47; -$628.30
B) $1,620.17; -$2,618.99
C) $1,620.17; -$525.13
D) $722.09; -$1,708.16
E) $722.09; -$418.05