In 10 Years, Hopkins Company Plans to Receive $9,000 Cash

In 10 years, Hopkins Company plans to receive $9,000 cash from the sale of a machine that has a $5,000 book value.

If the firm is subject to a 30% income tax rate and has an 8% after-tax hurdle rate, the correct discounted net cash flow would be:

A) $2,916.90.
B) $3,611.40.
C) $4,167.00.
D) $4,722.60.
E) None of the other answers is correct.