**please show work

XYZ is evaluating a 3-year project that would involve buying a new piece of equipment for $240,000 today. The equipment will be depreciated straight-line to $0 over 2 years. In 3 years, the equipment would be hauled away for an after-tax cash flow of $0. In each of the 3 years of the project, relevant annual revenues are expected to be $169,000 and relevant annual costs are expected to be $43,000. The tax rate is 50% and the cost of capital for the project is 11%, What is the net present value of the project?

A.) 60,577(plus or minus 100)

B.)16,705(plus or minus 100)

C.)11,703(plus or minus 100)

D.)101,778(plus or minus 100)

E.)None of the above