A Proposed Project Requires an Initial Cash Outlay of $75,000

A proposed project requires an initial cash outlay of $75,000 for equipment and an additional cash outlay of $25,000 in Year 1 to cover operating costs.During Years 2 through 4, the project will generate cash inflows of $50,000 a year.What is the net present value of this project at a discount rate of 12.2 percent?

A) $9,385.06
B) $9,432.42
C) $8,851.67
D) $7,441.33
E) $ $53,948.34