An office building is expected to create operating cash flows of $27,000 a year for three years, based on tenants' rental income. The purchase of the fixed assets for this building will cost $56,000. These assets will have no value at the end of the project. An additional $2,000 of net working capital will be required throughout the life of the project. Calculate the net present value of this project if the required rate of return is 8 percent?

a. $11,169.28

b. $11,581.62

c. $13,169.28

d. $15,169.28

e. $3,375.00