URGENT PLS

17. Queens College (not subject to income taxes) is considering replacing its current A/C system with a larger one. The cost of the new A/C system will be $500,000 and it will have a useful life of 10 years. Using a hurdle rate of 12%, unfortunately, Queens College calculates a net present value for the new A/C system of $(48,000). Based on this information, how much is the annual uniform cash income from tuition? A. $60,000 B. $80,000 C. $100,000 D. $120,000