Outdoor Sports is considering adding a putt putt golf course to its facility. The course would cost $178,000, would be depreciated on a straight-line basis over its 5-year life, and would have a zero salvage value. The sales would be $89,500 a year, with variable costs of $27,950 and fixed costs of $12,550. In addition, the firm anticipates an additional $19,700 in revenue from its existing facilities if the putt putt course is added. The project will require $3,150 of net working capital, which is recoverable at the end of the project. What is the net present value of this project at a discount rate of 15 percent and a tax rate of 35 percent?

A. $13,458

B. $31,050

C. $15,024

D. $47,675

E. $11,874