Declan macmanus is considering a capital budgeting project. this project willinitially require a $25,000 investment in equipment and a $3,000 working capitalinvestment. the useful life of this project is 5 years with an expected salvage value ofzero on the equipment. the working capital will be released at the end of the 5 years. the new system is expected to generate net cash inflows of $9,000 per year in each of the5 years. also a repair of the equipment will be required at the end of year 3, costing$5,000. macmanus’ discount rate is 14%. the net present value of this project is closestto (ignoring taxes): a)$(3,088)b)$1,079c)$2,522d)$4,454e )$3,375