Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $679,000 that would be depreciated on a straight-line basis to zero over the 4-year life of the project. The equipment will have a market value of $183,000 at the end of the project. The project requires $53,000 initially for net working capital, which will be recovered at the end of the project. The operating cash flow will be $202,900 a year. What is the net present value of this project if the relevant discount rate is 13 percent and the tax rate is 21 percent?

A) $27,949

B) $25,952

C) $23,357

D) $19,708

E) $7,306

Explanation not needed. Just answer. Thank you.