Floyd Manufacturing Purchased an Asset Costing $65,000

Floyd Manufacturing purchased an asset costing $65,000. Annual operating cash inflows are expected to be $12,000 each year for ten years. No salvage value is expected at the end of the asset's life. Assuming Floyd's cost of capital is 11 percent, what is the asset's net present value? (ignore income taxes)

A) $4,443
B) $5,670
C) $4,560
D) $17,670