321 CC Company is considering an investment of \( \$ 300,000 \) which will earn a contribution of \( \$ 40,000 \) each year for 10 years at today's prices. The company's cost of capital is \( 11 \% \) per annum.
What is the net present value of the project?
A \( (\$ 64,440) \)
B \( \$ 23,556 \)
C \( \$ 64,440 \)
D \( \$ 235,560 \)