64. A company projects an increase in net income of $40,000 each year for the next five years if it invests $500,000 in new equipment. The equipment has a five-year life and an estimated salvage value of $50,000. The company uses the straight-line method of depreciation. What is the net annual cash flow? a) $40,000 b) $90,000 c) $130,000 d) $140,000