Your boss asked you to evaluate a project with an infinite life. Sales and costs project to $1,000 and $500 per year, respectively. (Assume sales and costs occur at the end of the year [i.e., profit of $500 at the end of year one]). There is no depreciation and the tax rate is 21 percent. The real required rate of return is 14 percent. Sales and costs will increase at the rate of inflation of 4% annually. If the project costs $3,000, what is the NPV?

a. 950.00

b. 1629.62

c. 365.38

d. 472.22