A company is considering an iron ore extraction project that requires an initial investment of $518,000 and will yield annual cash inflows of $150,000 for four years. The company's discount rate is 9%. What is the NPV of the project? Present value of an ordinary annuity of $1: 8% 9% 10% 123456 7 8 9 10 0.926 1.783 2.577 3.312 3.993 4.623 5.206 5.747 6.247 6.71 OA. $(32,000) B. $103,600 OC. $32,000 O D. $(103,600) 0.917 1.759 2.531 3.24 3.89 4.486 5.033 5.535 5.995 6.418 0.909 1.736 2.487 3.17 3.791 4.355 4.868 5.335 5.759 6.145

A. $(32,000) B. $103,800 C. $32,000 0. $(103.600)