If you could show steps, that would be awesome!

9. In eight years, Larson Company plans to receive $11,000 cash from the sale of a machine that has a $16,000 book value. If the firm is subject to a 30% income tax rate, and has a 12% after-tax hurdle rate, the correct discounted cash flow would be:

a. $606

b. $1,414

c. $3,838

d. $5,050