Concose Park Department is considering a new capital investment. The cost of the machine is $230,000 . The annual cost savings if the new machine is acquired will be $105,000 . The machine will have a 5 year life and the terminal disposal value is expected to be $38,000 . There are no tax consequences related to this decision. If Concose Park Department has a required rate of return of 16%, which of the following is closest to the present value of the project?

A. $131,858

B. $145,662

C. $31,892

D. $113,770