Marshall Communications, Inc. is considering a new 5-year expansion project that requires an initial fixed asset investment of $2,484,000. The fixed asset will be depreciated straight-line to zero over a 5-year life, after which time it is anticipated the asset will be worthless. The project is estimated to generate $2,208,000 in annual sales, with costs of $883,200. The tax rate is 33 percent and the required return on the project is 9 percent.What is the net present value for this project?

A. $1,606,202

B. $1,598,040

C. $1,533,627

D. $1,233,867

E. $1,051,560