What Is the Net Present Value of a Project with the Following

Multiple Choice

What is the net present value of a project with the following cash flows and a required return of 12%?
$\begin{array}{|l|l|}\hline \text { Year } & \text { Cash Flow } \\\hline 0 & -£ 28,900 \\\hline 1 & £ 12,450 \\\hline 2 & £ 19,630 \\\hline 3 & £ 2,750\\\hline\end{array}$

A) -£287.22
B) -£177.62
C) £177.62
D) £204.36
E) £287.22