Somerville Corporation is considering investing in specialized eq

(Present value tables are needed.) Somerville Corporation is considering investing in specialized equipment costing $618,000. The equipment has a useful life of 5 years and a residual value of $55,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are:

Year 1   $250,000
Year 2   $190,000
Year 3   $152,000
Year 4   $112,000
Year 5   $95,000
   $799,000

Somerville Corporation's required rate of return is 14%.

The net present value of the investment is closest to
A) $34,431 negative.
B) $181,000 positive.
C) $62,976 negative.
D) $5,886 negative.