Question: Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $2,000, $2,000 and $12,000 in the three

Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $2,000, $2,000 and $12,000 in the three years over which the project will produce cash flows. If the discount rate is 15%, what is the net present value of the project?

A. $1258

B. $4326

C. - $1203

D. $1642

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