Consider the following projected cash flows in the indicated cells in Excel for years zero through 2, respectively: A1= -$1000, A2= $600, A3= $500. In addition, the firm's cost of capital of 9% is in cell A4. Which of the following would be the correct formula to compute the NPV of this project?
A) NPV(A4, A1:A3) B) NPV(A4, A2:A3) + A1
C) NPV(A4, A2:A3) - A1 D) Sum(A1:A3/(1+A4)^3