Fly High Co. is expanding and expects operating cash flows of $64,000 a year for seven years as a result. This expansion requires $40,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $3,000 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 12.5 percent? A. $236,938.7 B. $200,343.6 C. $268,439.6 D. $245,822.6 E. $199,890.9