Michael Bloomberg Corp. is expanding and expects operating cash flows of $39,000 a year for 4 years as a result. This expansion requires $41,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $4,000 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 15 percent? [Note: as always, initial investment in NWC will be recovered at the end of the project]

A: $68,631

B: 18477

C: 21033

D: 32452

E: 42509