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tell the answer first then explain why its true

3. Hiawatha Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,000. The equipment will have an initial cost of $900,000 and have a 6 year life. There is no salvage value for the equipment. If the cost of capital is 9%, what is the approximate net present value? Ignore income taxes. A. $53,300 B. $2,820 C. $900,000 D. $700,000