Lily, a sole trader, is considering a project A which requires an initial investment of $860. The project is expected to generate permanent sales of $1,100 per year. Costs are $600 for the first year and will increase by 20% per year. (Assume all sales and costs occur at year-end, i.e., costs are $600 at t = 1.) Ignore taxes and calculate the NPV of the project at a 12% cost of capital (r = 12%). = Select one: O a. $97.51. Ob. $100.00 OC. $57.51 Od cannot be calculated as 9 >