QUESTION $4$

Scot's Kabobs is evaluating a project that would last for $3$ years. The project's cost of capital is $821\mathrm{.}00$ percent; its NPV is $$7,940\mathrm{.}00$; and the expected cash flows are $$66,143\mathrm{.}00$ at time $0,$$$54,111\mathrm{.}00$ in $1$ year, $$-14,161\mathrm{.}00$ dollars in $2$ years, and $x$ in $3$ years. What is $x?$

An amount equal to or greater than $$7,940\mathrm{.}00$ but less than $$39,982\mathrm{.}28$

An amount equal to or greater than $$39,982\mathrm{.}28$ but less than $$51,680\mathrm{.}83$

The amount can not be determined or does not exist because the cash flows are not conventional

An amount equal to or greater than $-$$$21,981\mathrm{.}70$ but less than $$7,940\mathrm{.}00$

An amount less than $$21,981\mathrm{.}70$ or an amount equal to or grater than $$51,680\mathrm{.}83$