A Proposed Project Requires an Initial Cash Outlay of $49,000

Multiple Choice

A proposed project requires an initial cash outlay of $49,000 for equipment and an additional cash outlay of $18,700 in Year 1 to cover.operating costs.During Years 2 through 4,the project will generate cash inflows of $42,500 a year.What is the net present value of this.project at a discount rate of 11.6 percent?

A) $26,343.72
B) $26,391.08
C) $25,810.33
D) $24,399.99
E) $23,602.18