Epiphany Industries is considering a new capital budgeting project that will last for three years. The project requires an initial investment of $$90,000$ in year $0.$ Epiphany plans on using an opportunity cost of capital of $12\%$ to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projections:

Time left $0$:$52$:

$\backslash$table$[[,$Year $1,$Year $2,$Year $3],[$Revenues$,125000,125000,125000],[-$Cost of goods sold,$-62500,-62500,-62500],[-$Depreciation,$-30000,-30000,-30000],[=$ EBIT,$32500,32500,32500],[-$Taxes $(30\%),-9750,-9750,-9750],[=$ Profit after tax,$22750,22750,22750],[,,,],[$Changes in NOWC,$5000,5000,-10000]]$

The net present value $($NPV$)$ for Epiphany's Project is closest to:

a$.$ $$35,364$

b$.$ $$39,000$

c$.$ $$29,400$

d$.$ $$14,348$