You Are Analyzing a Project with an Initial Cost Of \le

You are analyzing a project with an initial cost of $\le$ 80,000.The project is expected to return $\le$ 10,000 the first year, $\le$ 40,000 the second year and $\le$ 50,000 the third and final year.The current spot rate is $\le$ .56.The nominal risk-free return is 5% in the U.K.and 7% in the U.S.The return relevant to the project is 8% in the U.K.and 9.25% in the U.S.Assume that uncovered interest rate parity exists.What is the net present value of this project in U.S.dollars?

A) $7,787
B) $8,002
C) $8,312
D) $8,511
E) $8,885