Weir Inc. is considering a project that contributes $14,000 at the end of the first year and $9,000 at the end of the second year? The initial cost of the project is $16,000 (negative cash flow!). What is the net present value of the project at a 10% discount rate? Hint: Net present value is the sum of all present and future cash flows but present cash flows at t = 0 are not discounted; all other cash flows occurring after t = 0 must be discounted.

		$ 4,958.68
		$ 4,694.21
		$ 4,429.75
		$ 4,165.29
		$ 5,223.14