An initial investment of $400,000 provides a single cash return of $500,000 at the end of two years. Assuming annual discounting at 10 percent, the net present value of the investment is A) less than $12,000 B) more than $12,000 but less than $ 13,000 C) more than $13,000 but less than $ 14,000 D) more than $ 14,000 but less than $ 15,000 E) more than $15,000