Project “X” will produce cash inflows of $5,000 a year for 2 years with a final cash inflow of $10,000 in year 3. The project's initial cost is $15,500. What is the net present value of this project if the required rate of return is 8 percent?
1,354.65
1,478.32
-1,001.91
1,593.19
-1,657.69