Forise Water Company drills small commercial water wells. The company is in the process of analyzing the purchase of a new drill. Information on the proposal is provided below. Initial investment: Asset $640,000 Working capital Operations (per year for four years): Cash receipts Cash expenditures Disinvestment: Salvage value of drill (existing) Discount rate $158,000 $550,000 $190,000 $90,000 14% What is the net present value of the investment? Assume there is no recovery of working capital. A. $(158,000) B. $360,000 C. $498,680 OD. $340,680