Explorer Company is considering the following investment proposal: Initial investment: Depreciable assets (straight-line) Working capital Operations (per year for 4 years): Cash receipts Cash expenditures Disinvestment: $36,000 4,000 $25,000 11,000 Salvage value of equipment Recovery of working capital $ 3,000 4,000 10 percent Discount rate: Additional information for interest rate of 10 percent and four time periods: Present value of $1 Present value of an annuity of $1 What is the net present value for the investment? Select one: 0.68301 3.16987 QA. $4,781 0 B. $44,378 C. $9,159 D. $18,322