Pickleball Company is considering the following investment proposal:

Initial investment:

	Depreciable assets (straight-line)	$72,000
	Working capital	8,000

Operations (per year for 4 years):

	Cash receipts	$50,000
	Cash expenditures	22,000

Disinvestment:

	Salvage value of equipment	$6,000
	Recovery of working capital	8,000

Discount rate:

10 percent

Using a spreadsheet or financial calculator, determine the net present value for the investment. The investment's net present value is:

Select one:

A. $ 8,756

B. $18,318

C. $88,756

D. $98,318