A given project requires a $48,500 investment and is expected to generate end-of-period annual cash inflows of $22,000 for each of three years. Assuming a discount rate of 11%, what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below:

i = 11%	i = 11%	i = 11%
n = 1	n = 2	n = 3
0.9009	0.8116	0.7312

	A.$6,073
	B.$53,762
	C.($19,820)
	D.$0
	E.$5,262