A proposed project lasts three years and has an initial investment of $200,000. The after tax cash flows are estimated at $60,000 for year 1, $120,000 for year 2, and $135,000 for year 3. The firm has a target debt/equity ratio of 1.2. The firms cost of equity is 14% and its cost of debt is 9%. The tax rate is 34%. What is the NPV of this project? A) -$12,370 B) $13,687 C) $37,723 D) $46,120 E) $57,185