What is the net present value of a project if the required rate of return is 12 percent? The cash flows, in order, are -$42,398 (initial cost), $13,407 (year 1 CF), $21,219 (year 2 CF) and $17,800 (year 3 CF).
A) -$1,574.41
B) -$1,208.19
C) -$842.12
D) $729.09
E) $1,311.16