Considering the following information, what is the net benefit of refinancing the loan for the?

Expected holding period: 3 years

Current loan balance: $280,000

Current loan interest: 6.75%

Current loan mortgage payment: $2,477.75

Remaining term on current mortgage: 15 years

New loan interest: 5.75%

New loan mortgage payment: $2,325.15

New loan term: 15 years

Cost of refinancing: $5,600

Assume that the opportunity cost is the interest rate on the new loan (5.25%)

A. $104.23

B .$926.28

C. -$1,052.29

D. -$ 106.46