Charlotte Company Invests in a New Piece of Equipment Costing

Charlotte Company invests in a new piece of equipment costing $80,000.The equipment is expected to yield the following amounts per year for the equipment's four-year useful life: What is the net present value of this investment in equipment?
$\begin{array} { l r } \text { Cash revenues } & \$ 120,000 \\ \text { Cash expenses } & ( 64,000 ) \\ \text { Depreciation expenses (straight-line) } & ( 20,000 ) \\ \text { Income provided from equipment } & \$ 36,000\\\text { Cost of capital }&14\% \end{array}$

A) ($4,480)
B) $41,592
C) $52,452
D) $83,184