Haroldsen Corporation Is Considering a Capital Budgeting Project That Would

Haroldsen Corporation is considering a capital budgeting project that would require an initial investment of $350,000.The investment would generate annual cash inflows of $133,000 for the life of the project,which is 4 years.At the end of the project,equipment that had been used in the project could be sold for $32,000.The company's discount rate is 14%.The net present value of the project is closest to:

A) $214,000
B) $37,429
C) $56,373
D) $406,373