12. Zebron Company is considering the following investment Initial capital investment Estimated useful life Estimated disposal value in 3 years Fstimated annual savings in cash operating costs(end of year) Minimum desired rate of return $200,000 3 years $1,000 $100,000 10% Assume straight-line depreciation is used. Ignore income taxes. The net present value of the investment is a) $48,690 b) $49,441 c) $49,690 d) $101,000