Assume the following for a project under evaluation:

** The project's life is 4 years.

** The total time zero, initial cost of $55,000.

** The total net operating cash flow each year is $15,000.

** In addition to the terminal year operating cash flow, there is a non-operating, terminal year cash flow of $8,000

If the cost of capital for a project of this risk is 7%, what is the project's NPV? Accept or reject the project?

A		123,000; accept
B		13,000; accept
C		-56,911; reject
D		1,911; accept
E		13,355; accept