The following information pertains to a proposed investment

Discount rate 10%

Life of the project 4 years

Initial investment cost $45,965

Annual cost savings 14,500

Salvage value 2,900

What is the net present value of the proposed investment? (Select the answer that is closest to your calculations)

A) $45,965

B) -$1,981

C) $1,981

D) $0