Question: Suppose you're presented with a proposal for a project that costs $4,200 and will bring in $20,100 the first year. The next year, you'll have

Suppose you're presented with a proposal for a project that costs $4,200 and will bring in $20,100 the first year. The next year, you'll have to pay out $15,800. With a cost of capital of 14%, calculate the net present value (NPV) for this project. Round your answer to the nearest cent.

A) $1,258.99

B) $1,273.99

C) $1,385.25

D) $1,358.54

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