(Appendix 8C)A Company Needs an Increase in Working Capital of $20

(Appendix 8C) A company needs an increase in working capital of $20, 000 in a project that will last 4 years.The company's tax rate is 30% and its after-tax discount rate is 10%.The present value of the release of the working capital at the end of the project is closest to:

A) $6, 000
B) $13, 660
C) $9, 562
D) $14, 000