We are evaluating a project that costs $932,000, has a 12year life, and has no salvage value. Assume depreciation is straightline to zero over the life of the project. Sales are projected at 75,000 units per year, the price per unit is $39, variable cost per unit is $26, and fixed costs are $778,900 per year. The tax rate is 35 percent and we require a return of 13.5 percent on this project. Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to within 2 percent. What is the worstcase NPV?

A. $4,613

B. $267,008

C. $189,511

D. -$782,409

E. -$528,438