Daniel Company is considering the purchase of production equipment that costs $300,000 and has an expected life of 5 years (no salvage value). The equipment is expected to generate annual cash inflows of $100,000. The firm's cost of capital is 14%. If the cash inflows occur at the end of each year, the net present value of the project would be:

$36,000

($43,300)

($36,000)

$43,300