Kanzler Corporation Is Considering a Capital Budgeting Project That Would

Kanzler Corporation is considering a capital budgeting project that would require an initial investment of $450,000 and working capital of $25,000.The working capital would be released for use elsewhere at the end of the project in 4 years.The investment would generate annual cash inflows of $143,000 for the life of the project.At the end of the project,equipment that had been used in the project could be sold for $10,000.The company's discount rate is 14%.The net present value of the project is closest to:

A) $(27,521)
B) $(37,721)
C) $(52,521)
D) $132,000