A Project Has an Annual Operating Cash Flow of $45,000

A project has an annual operating cash flow of $45,000.Initially,this four-year project required $3,800 in net working capital,which is recoverable when the project ends.The firm also spent $21,500 on equipment to start the project.This equipment will have a book value of $4,300 at the end of year 4.What is the cash flow for year 4 of the project if the equipment can be sold for $5,400 and the tax rate is 34 percent?

A) $51,724
B) $52,038
C) $53,826
D) $53,862,900
E) $53,900