Your company is considering a project that will cost $1 650 000. The project will generate after tax cash flows of $305 000 per year for 8 years. Firm's weighted cost of capital 12% and target D/E ratio is 0.8. The flotation cost for equity is 8% and the flotation cost for debt is 6.5%. What is the NPV for the project after adjusting for flotation costs?

A) 130588.35

B) -265458.22

C) -134869.87

D) 265458.22

E) 134869.87