Kansas Mining is evaluating a proposal to invest in a new piece of equipment costing $50,000 with the following annual cash flows over the equipment's 4-year useful life:

Cash revenues	$60,000
Cash expenses	(34,000	)
Depreciation expenses (straight-line)	(10,000	)
Income provided from equipment	$16,000
Cost of capital	12 percent

Period	12%	14%	16%	18%
4	3.03735	2.91371	2.79818	2.69006
5	3.60478	3.43308	3.27429	3.12717
6	4.1141	3.88867	3.68474	3.49760

The investment's net present value is:

Select one:

A. $70,072

B. $81,592

C. $28,971

D. $63,184