$\backslash$table$[[$Initial investment:,$],[$Depreciable assets $($straight$-$line$),$$$36,000],[$Working capital,$4,000],[$Operations $($per year for $4$ years$)$:$,],[$Cash receipts,$$25,000],[$Cash expenditures,$11,000],[$Disinvestment:$,],[$Salvage value of equipment,$$3,000],[$Recovery of working capital,$4,000],[$Discount rate:,$10$ percent$]]$

Additional information for interest rate of $10$ percent and four time periods:

$\backslash$table$[[$Present value of $$1,0\mathrm{.}68301],[$Present value of an annuity of $$1,3\mathrm{.}16987]]$

What is the net present value for the investment?

Select one:

a$.$ $$18,322$

b$.$ $$44,378$

c$.$ $$4,781$

d$.$ $$9,159$