What Is the Net Present Value of the Following Cash

Multiple Choice

What is the net present value of the following cash flows if the relevant discount rate is 7 percent? $$\begin{array} { | r | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 11,520 \\\hline 1 & 81 \\\hline 2 & 650 \\\hline 3 & 880 \\\hline 4 & 2,300 \\\hline 5 & 15,800 \\\hline\end{array}$$

A) $2,861.62
B) $2,311.92
C) $2,900.15
D) $3,248.87
E) $3,545.60