Given the following information and assuming a CCA rate of 30% (Class 10), what is the NPV for this project? Initial investment in fixed assets = $800,000; initial investment in net working capital = $200,000; life = four years; pre-tax cost savings = $400,000 per year; salvage = $10,000 in year 4; tax rate = 35%; discount rate = 12%.

A. $50,000

B. $0

C. -$37,059

D. $110,866.55

E. $400,000