A Company Needs an Increase in Working Capital of $50,000

A company needs an increase in working capital of $50,000 in a project that will last 4 years. The company's tax rate is 30% and its after-tax discount rate is 8%. Use Exhibit 7B-1 to determine the appropriate discount factor(s) using table.
The present value of the release of the working capital at the end of the project is closest to:

A) $36,750
B) $15,000
C) $25,726
D) $35,000