You are considering a project that has been assigned a discount rate of 12.5 percent. If you start the project today, you will incur an initial cost of $7,600 and will receive cash inflows of $5,700 a year for two years. If you wait one year to start the project, the initial cost will rise to $7,800 and the cash flows will increase to $6,000 a year for two years. What is the value of the option to wait?

A. $303.70

B. $228.51

C. $230.49

D. $51.03

E. $119.46