CFP is considering the purchase of new manufacturing equipment. The project costs $25,000 and has expected after tax cash flows of $4,623 per year for the next 8 years. Should the project be accepted if CFPs required rate of return is 12%?

A. No, since the NPV = - $9,829.29

B. Yes, since the NPV = $9,829.29

C. Yes, since the NPV = $2,034.60

D. No, since the NPV = - $2,034.60