Firefox Company Is Considering the Following Investment Proposal Additional Information for Interest Rate of 10 Percent and Four

Firefox Company is considering the following investment proposal:
$$\begin{array}{lr}\text{Initial investment:} \\\text{~~~~Depreciable assets (straight-line) } & \$36,000 \\\text{~~~~Working capital} & 4,000 \\\text{Operations (per year for 4 years) :} \\\text{~~~~Cash receipts} & \$25,000 \\\text{~~~~Cash expenditures} & 11,000 \\\text{Disirvestment:} \\\text{~~~~Salvage value of equipment} & \$3,000 \\\text{~~~~Recovery of working capital} & 4,000 \\\text{Discount rate:} & 10 \text{ percent} \\\end{array}$$ Additional information for interest rate of 10 percent and four time periods:
$$\begin{array} { l l } \text { Present value of } \$ 1 & 0.68301 \\\text { Present value of an annuity of } \$ 1 & 3.16987\end{array}$$ What is the net present value for the investment?

A) $ 4,781
B) $18,322
C) $ 9,159
D) $44,378