8. Fox Hollow Franks is looking at a new system with an installed cost of $540,000. This equipment is depreciated at a rate of 20% per year (class 8) over the project's five year life, at the end of which the sausage system can be sold for $80,000. The sausage system will save the firm $170,000 per year in pre-tax operating costs and the system requires an initial investment in net working capital of $29,000. If the tax rate is 3% and discount rate is 10%, what is the NPV of this project? a) $54,540.14 b) $29,583.69 c) $483,420.83 d) $102,278.10