Alex invests 50,000 today in a ten year project. At the end of the fifth, seventh, and ninth year he receives a payout of 22,000. Rather than keeping the payouts, Alex reinvests them into a fund that earns a 6% annual effective rate and receive a lump-sum payout ten years from today. What is the net present value of this project valued at an annual rate of interest of 5%.

A. 1,523 B. 4,267 C. -5,907 D. -1,523 E. -4,267