Year 0 Revenues Costs of Goods Sold Gross Profit Selling, General and Admin Depreciation EBIT Income tax (30%) Incremental Earnings Year 1 Year 2 Year 3 800 000 800 000 800 000 -320 000-320 000 -320 000 480 000 480 000 480 000 -105 000 -105 000-105 000 -200 000 -200 000 -200 000 175 000 175 000 175 000 -52 500 -52 500 -52 500 122 500 122 500 122 500 -600 000 Capital Purchases Changes to NWC -12 000 -12 000 -12 000 Cromwell Industries is considering a new project which will have costs, revenues, etc. as shown by the data above. If the cost of capital is 8.5%, what is the net present value (NPV) of this project? O A. -$153 046 O B. $254 320 O C. $300 691 O D.-$278 832