What Is the Net Present Value of a Project That

Multiple Choice

What is the net present value of a project that has an initial cash outflow of £12,670 and the following cash inflows? The required return is 11.5%.
$\begin{array}{|l|l|}\hline \text { Year } & \text { Cash Inflows } \\\hline 1 & £ 4,375 \\\hline 2 & £ 0 \\\hline 3 & £ 8,750 \\\hline 4 & £ 4,100\\\hline\end{array}$

A) £218.68
B) £370.16
C) £768.20
D) £1,249.65
E) £1,371.02