Fey Ble Publishing Company is looking into purchasing a new press that will cost $900,000. The company estimates that this new press will increase annual revenues by $1 million, as well as increase annual costs by $650,000. The press will last for 5 years. At the end of the fifth year, the press can be sold for $10,000. Given that the required return is 13%, what is the net present value on this new press? Ignore taxes.

A. $860,000

B. $331,030.94

C. $491,064.96

D. $496,492.56

E. $336,458.54