A project will produce cash inflows of $0 for the first year, $2,800 a year for next 4 years (years 2-5) with a final cash inflow of $5,700 in year 6. The project's initial cost is $12,000. What is the net present value of this project if the required rate of return is 11 percent?
Question 9 options:
$69.52
$5,700
-$311.02
-$1,126.56
$1,048.75