Daniels Corporation is considering the purchase of new equipment costing $90,000. The projected annual after-tax net income from the equipment is $3,200, after deducting $30,000 for depreciation. The revenue is to be received at the end of each year. The machine has a useful life of 3 years and no salvage value. Daniels requires a 12% return on its investments. The present value of an annuity of 1 for different periods follows:

Periods	12 Percent
1	0.8929
2	1.6901
3	2.4018
4	3.0373

What is the net present value of the machine? (closest to)

A. $90,000.

B. $79,740.

C. $9,600.

D. $72,054.

E. $(10,260).