Lyndon Company has been offered a contract to build a bridge for the state of Michigan. The contract would expire in ten years. The projected cash flows that result from the contract are given below: Cost of equipment $500,000 Working capital needed 100,000 Net annual cash inflows 80,000 Salvage value of equipment in ten years 40,000 Working capital released 100,000 The companys required rate of return and discount rate is 12%. The working capital would be released at the end of project. What is the net present value of the project?

Group of answer choices a. $(102,904) b. $(135,104) c. $102,904 d. $135,104