how do you solve this step by step ?

2) John can purchase a house today for 110,000 inclusive of all fees. He expects to be able to resell it in one year for 129,000. At a discount rate of 5.5 per cent, what is the expected net present value of this purchase opportunity? A) 13.001.61 B) 12,487.43 C) 12,274.88 D) None of the above