Dul Corporation has provided the following data concerning an investment project that it is considering:

Initial Investment: $170,000

Working Capital: $64,000

Annual Cash Flow: $60,000

Salvage Value at the end of project: $18,000

The working capital would be released for use elsewhere at the end of the project in 3 years. The company's discount rate is 7%. What is the net present value of the project closest to?

A. $(9,648)

B. $54,352

C. $10,000

D. $(61,872)