The startup costs of a project is $300,000. For years 1 through 5, the annual revenues are expected to be $175,000, and the annual costs are expected to be $75,000 per year. If the tax rate is 30%, the entire startup cost will be depreciated over 5 years, and the cost of capital is 4%, which of the following is true?

A. The NPV is -$90,000 and the project should be rejected.

B. The NPV is -$175,349 and the project should be rejected.

C. The NPV is $91,760 and the project should be accepted.

D. The NPV is $200,000 and the project should be accepted.