. Oak Galleries just purchased a painting for $900,000. The firms experience with large art works indicates that the piece will be worth $3,800,000 in 17 years, at which time Oak will sell it. If the firm attributes a 7.6% annual weighted average cost of capital to art investments, what are the painting investments Net Present Value (NPV) and Internal Rate of Return (IRR)?

• A. $183,552.94 NPV; 7.150% IRR
• B. $834,813.35 NPV; 4.840% IRR
• C. $2,695,167.29 NPV; 24.387% IRR
• D. $193,893.35 NPV; 8.842% IRR
• E. $673,552.63 NPV; 22.011% IRR