Moonrise Inc is considering expanding its operations. The expansion will require new equipment costing $649,000 that would be depreciated on a straight-line basis to a salvage value of $187,000 over the four-year life of the project. The project requires $38,000 initially for net working capital, all of which will be recouped at the end of the project. The projected operating cash flow is $235,106 a year for four years. What is the net present value of this project if the relevant discount rate is 14 percent and the tax rate is 35 percent? A. $20,530 B. $108,750 C. $92,498 D. $146,750 O E. $131,249