How should a financial manager compute the net present value of a project?

	a.	Discount the expected value of net cash flows using the cost of capital, then subtract the initial cost.
	b.	Discount the actual value of uncertain future cash flows using the cost of capital, then subtract the initial cost.
	c.	Ignore all cash flows more than five years out
	d.	Apply the discounted cash flow technique, using the project's internal rate of return.