A project is expected to create operating cash flows of $33,000 a year for three years. The initial cost of the fixed assets is $68,000. These assets will be worthless at the end of the project. An additional $4,500 of net working capital will be required throughout the life of the project. What is the project's net present value if the required rate of return is 8 percent? A-$20,616.45

B-$12,544.20

C-$3,812.50

D-$16,116.45

E- $11,616.45