The project has the following information: straight-line depreciation to zero, Initial investment in fixed assets = $20,000; required level of net working capital = $5,000; life = 4 years; Sales = $17,000 per year; total annual costs=$7000, no salvage value; tax rate = 35%.

What is NPV if the discount rate = 18%

A) -$139,6000

B) -$997,000

C) -$228,000

D) $22,000

E) $840,000

F) $1,113,000

G) $1,687,000

H) $2,899,000

PLEASE EXPLAIN USING FORMULAS