36. Kumanu, Inc. is considering investing in new equipment for its factory. This equipment will cost $80,000, is expected to last 6 years and is expected to have a $10,000 salvage value at the end of 6 years. The new equipment is expected to generate cost savings of $20,000 per year in each of the 6 years. Kumanu's cost of capital is 16%. What is the net present value of this equipment? (Ignore income tax considerations.) a. ($2,200) b. $3,700 c. $20,500 d. ($34,950) e. $45,000