As of January 1, 2018, Network Corporation will be purchasing new equipment at a cost of $400,000 for a special 6 year production contract. Network will need an additional $50,000 to cover working capital needs. At the end of the project the working capital will be released. The investment will generate annual cash inflows of $90,000 for the life of the project. At the end of the project, it is estimated that the equipment can be sold for $30,000. The company's discount rate is 6%. The net present value of the project is _______.

	A.	$98,930
	B.	$48,930
	C.	$63,680
	D.	$13,680