Suppose a certain property is expected to produce net operating cash flows annually, as follows, at the end of each of the next five years:

Year 1 = $50,000

Year 2 = $45,000

Year 3 = $50,000

Year 4 = $55,000

Year 5 = $65,000

In addition, at the end of the fifth year we will assume the property will (or at least could) be sold for $650,000. If the required rate of return on projects of similar risk is 14%, and you plan to invest $425,000 in the property:

What is the net present value (NPV) of this investment project

A. $91,147

B. $95,826

C. $88,550

D. 85,954