VCV Limited Is Investing £500,000 into a New Project

VCV Limited is investing £500,000 into a new project. The project will last for five years. At the end of the five years, the company will have to pay £50,000 to scrap the project's assets. The net cash inflows from the project in years 1 to 5 are expected to be £50,000, £100,000, £150,000, £200,000 and £250,000. VCV Limited has a required rate of return of 11%. What is the net present value of this project?

A) Negative net present value of - £13,675
B) Positive net present value of + £16,000
C) Negative net present value of - £34,000
D) Positive net present value of + £45,675