XYZ Inc. is evaluating a project that would last for 3 years. The projects cost of capital is 5.0 percent; its NPV is $2,000; and the expected cash flows are presented in the table. What is X?

Years from today	0	1	2	3
Expected cash flow (in $)	-60,000	30,000	20,000	X

	a.	An amount equal to or greater than $10,000 but less than $12,000
	b.	An amount equal to or greater than $12,000 but less than $14,000
	c.	An amount equal to or greater than $14,000 but less than $16,000
	d.	An amount equal to or greater than $16,000 but less than $18,000
	e.	An amount less than $10,000 or an amount equal to or greater than $18,000