A project will produce an operating cash flow of $10,100 after taxes every year for five years. The initial cash investment in the project will be $32,500. The net after-tax salvage value is estimated at $6,000 and will be received at the end of the project's life. What is the net present value of the project if the required rate of return is 10%?

Question 7 options:

$9,512.47

$5,786.95

$11,786.95

$3,613.72

$5,515.64