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Answer (B) is correct . First, calculate the annual earnings and cash flows: Operating revenues $400,000 Less: depreciation (300,000) ? Book income $100,000 Cash flow $400,000 The cash flows associated with the investment are then discounted accordingly: Discount Present Amount Factor Value Year 0 initial investment $(1,500,000) 1 $(1,500,000) Years 1 through 5 cash flow ????400,000 3.605 ?1,442,000 Net Present Value $?????(58,000)

Answer (A) is incorrect because There is a negative NPV.
Answer (C) is incorrect because The amount of $(116,000) overstates the negative NPV.
Answer (D) is incorrect because The amount of $1,442,000 is the present value of the future cash flows, not the NPV.