The town of Punxsutawney, PA just invested $306,500 to refurbish Govblers Knob. The Gobblers Knob project is expected to produce cash inflows of $46,900 for 8 years and a cash inflow of $62,300 in Year 9. If Punxsutawneys cost of capital is 8.8%, what is the Gobbler Knob projects NPV?

A $6,140.49

B $93,945.93

C $-15,183.46

D $70,060.03

E $-23,022.22