The Sawyer Company Has $80,000 to Invest and Is Considering

The Sawyer Company has $80,000 to invest and is considering two different projects: X and Y. The following data are available on the projects:



Both projects will have a useful life of five years; at the end of five years, the working capital will be released for use elsewhere. Sawyer's discount rate is 12%. (Ignore income taxes in this problem.)
-The net present value of project Y is closest to which of the following?

A) ($11,708) .
B) $11,708.
C) $15,110.
D) $30,250.