An office building is expected to create operating cash flows of $24,500 a year for three years, based on tenants' rental income. The purchase of the fixed assets for this building will cost $51,000. These assets will have no value at the end of the project. An additional $3,000 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 9 percent?

Multiple Choice

A-$10,333.27

B-$8,016.72

C-$7,333.27

D-$13,333.27

E-$2,611.11