25. Northern Outdoors, Inc. is considering a new project. The project has a 4-year life and requires an initial fixed asset investment of $2.2 million. The project is estimated to generate $1,860,000 in annual sales, with annual costs of $755,000. The fixed asset will be depreciated straight-line to zero over its 4-year project life, after which time it will have a market value of $152,000. The project requires an initial investment in net working capital of $250,000. The tax rate is 35 percent and the required return for the project is 15 percent. What is the net present value for this project?

A. $380,016

B. $349,599

C. $293,110

D. $206,661

E. None of the above