Warnock Inc $\quad 10.00 \%$ A $\$ 54.62$ B $\$ 57.49$ C $\$ 60.52$

Warnock Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected. WACC: $\quad 10.00 \%$
$\begin{array}{c}\begin{array}{lll} \text {Year}\\\text {Cash flows}\end{array}\begin{array}{lll} 0 \\\hline -\$950 \end{array}\begin{array}{lll}1 \\\hline \$500\end{array}\begin{array}{lll}2 \\\hline \$400\end{array}\begin{array}{lll}3 \\\hline \$300\end{array}\end{array}$

a $\$ 54.62$
b. $\$ 57.49$
c. $\$ 60.52$
d. $\$ 63.54$
e. $\$ 66.72$