Use the information below to answer the following question(s). Wet Water Company drills residential and commercial wells. The company is in the process of analyzing the purchase of a new drill. Information on the proposal is provided below: Initial investment: Asset $80,000 Working capital $16,000 Operations (per year for four years): Cash receipts $80,000 Cash expenditures $44,000 Disinvestment: Salvage value of drill (end of year four) $8,000 Discount rate: 10 percent Note: Other than the initial investment, cash flows are end of period. The working capital is returned at the end of the investment period. What is the net present value for the Wet Water Company's new drill? A. $34,507.48 B. $1,722.83 C. $96,000 D. $23,579.26 E. $12,651.05