Simplicity Printers is considering a project with the following cash flows:
Initial outlay= $126,000
Cash Flows: Year 1 = $44,000
Year 2 = $59,000
Year 3 = $64,000
If the appropriate discount rate is 11.5%, compute the NPV of this project.
a) $7,089
b) $2,892
c) $41,000
d) -$14,947
Show your work.