A contract is estimated to yield net returns of $10,000 at the end of each quarter for the next five years. To secure the contract, it would require an immediate outlay of $50,000 and a further outlay of $150,000 four years from now. If the cost of capital is 12% compounded quarterly, what is the contract's net present value?

a. $55,299.70

b. -$44,700.30

c. $5299.71

d. -$5299.71

e. $44,700.30