Given the following project information and assuming straight-line depreciation to zero, what is the projects Net Present Value? Initial investment = $500,000; life = five years; cost savings = $160,000 per year; salvage value = $30,000 in year 5; tax rate = 34%; discount rate = 13%.

A) $1,641.02

B) $1,752.13

C) $1,863.24

D) $1,958.71

E) None of the above