A project has an initial cost of $26,000, a discount rate of 11.7 percent, a life of 5 years, and an NPV of $11,216. Given this, you know that the project is expected to earn a return:

Multiple Choice

A equal to 11.7 percent of $26,000 plus an additional $11,216.

B of $11,216 in total.

C equal to 11.7 percent of $37,216 (= $26,000 + 11,216).

D of 11.7 percent of $11,216.

E of $26,000 minus $11,216.