Verizona is expanding and expects operating cash flows of $30,000 a year for seven years as a result. This expansion requires $28,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires initial $2,800 of net working capital which will be recouped at the end of the project. What is the net present value of this expansion project at a required rate of return of 10 percent?

A) $128,860.45

B) $98,968.13

C) $108,569.91

D) $111,369.91

E) $116,689.41