Russell corporation is considering the purchase of a new machine for $76,000. The machine would generate an annual cash flow of $25,000 per year for five years. At the end of five years, the machine has no salvage value. The company's cost of capital is 12%. The present value of annuity at 12%, n=5 is 3.605. What is the net present value for the machine?

A. $14,125

B. 76,000

C.6,915

D. 7,686