Carland, Inc., has a project available with the following cash flows. If the required return for the project is 7.8 percent, what is the project's NPV?
Year Cash Flow
0 −$257,000
1 65,100
2 89,300
3 117,300
4 70,500
5 −11,900
a. $27,255.86
b. $35,690.41
c. $20,029.11
d. $44,124.97
e. $22,890.41