An investment project will have an initial, after-tax cash outlay of $50,000 an after-tax cash inflows of $7,190 per year for 10 years. In addition, it will have an after-tax salvage value of $10,000 at the end of Year 10. The risk-free rate is 6%, the expected market return is 10%, and the beta of the project is to be financed entirely with common equity, its NPV is:
a. +$13,210
b. +$4,905
c. +$210
d. -$6,155
e. -$12,879