The net present value of a project's cash inflows is $9,456 at a 7 percent discount rate. The profitability index is 1.16 and the firm's tax rate is 35 percent. What is the initial cost of the project?
a. $5,298.62
b. $5,910.00
c. $6,146.40
d. $6,782.12
e. $8,151.72