Zabarkes Corporation is considering a capital budgeting project that would require an initial investment of $640,000 and working capital of $79,000. The working capital would be released for use elsewhere at the end of the project in 3 years. The investment would generate annual cash inflows of $205,000 for the life of the project. At the end of the project, equipment that had been used in the project could be sold for $29,000. The companys discount rate is 7%. The net present value of the project is closest to: a. $(13,952) b. $(157,416) c. $(92,952) d. $(25,000)