After analyzing a project economically, the following figures were obtained: initial investment, $310000; annual net profit of $130000 each year for five years; salvage value of assets at the end of the fifth year, $160000. years; salvage value of assets at the end of the fifth year, $160000. The The cash contributions for the initial investment were: shareholders $186,000, ARMR = 43%, bank A $62,000, bank B $62,000. 43%, bank A $62000, TMAR 45%; bank B $62000 of the investment with TMAR of 49%. Calculate NPV.

a) -$33.39

b) -$34.33

c) -$39.33

d) N.A