Salem Co is considering a project that produces annual net cash inflows of $420,000 for year 1 through 5 and a net cash inflow of $100,000 in year 6. The project will require an initial investment of $1,800,000. Salem's cost of capital is 10%. What is the net present value for this project to the nearest $100?

Select one:

A.$39,700

B.($151,400)

C.($235,300)

D.($60,000)