YZ is considering a project that would last for 3 years and have a cost of capital of 22.10 percent. The relevant level of net working capital for the project is expected to be $1,917.30 immediately (at year 0); $4,620.00 in 1 year; $13,100.00 in 2 years; and $0.00 in 3 years. Relevant expected revenue, costs, depreciation, and cash flows from capital spending in years 0, 1, 2, and 3 are presented in the following table. The tax rate is 52.80 percent. What is the net present value of this project? .

	Year 0	Year 1	Year 2	Year 3
Revenue	$ 0.00	$13,700.00	$13,200.00	$12,200.00
Costs	$ 0.00	$3,900.00	$3,950.00	$3,800.00
Depreciation	$ 0.00	$1,540.00	$2,020.00	$2,600.00
Cash flows from capital spending	$-6,140.00	$ 120.00	$1,560.00	$3,240.00

		$5192.76 (plus or minus $10)
		$8408.18 (plus or minus $10)
		$1148.24 (plus or minus $10)
		$10437.42 (plus or minus $10)