A project is expected to create operating cash flows of $28,000 a year for three years. The initial cost of the fixed assets is $58,000. These assets will be worthless at the end of the project. An additional $3,000 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 9 percent?

A)$3,000.00

B)$15,192.80

C)$9,192.80

D)$9,876.25

E)$12,192.80