Rafael owned an apartment building that burned down. The empty lot is worth $70,000 and Rafael has received $330,000 from the insurance company. Rafael plans to build another apartment building that will cost $425,000. His real estate adviser estimates that the expected value of the finished building on the real estate market will be $565,000 next year. The discount/interest rate is 11%.

What are the NPV and IRR of this decision?

A. $14,009; 14.14%

B. -$84,009; -32.94%

C. $84,009; 32.94%

D. -$14,009; -14.14%