Stone Inc Is Evaluating a Project with an Initial Cost of of $9,500

Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $1,500, $1,500, and $10,000 in the three years over which the project will produce cash flows. If the discount rate is 9%, what is the net present value of the project?

A) Less than $0
B) Between $0 and $400
C) Between $400 and $800
D) More than $800