A project to convert al medical records of a hospital to electronic form is estimated to cost $200,000 and to take 6 months to implement. The result of the project would be an immediate cost savings of $100,000 per year for the next 3 years. Assuming a discount rate of  5% per year, what is the approximate present value PV of this project?

A)$95,000

B)90,000

C)$272,000

D)$300,000