Bruno's Lunch Counter is expanding and expects operating cash flows of $21,700 a year for 5 years as a result. This expansion requires $63,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $5,400 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 11 percent?

A. $21,075

B. $17,201

C. $15,006

D. $19,965

E. $18,634