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tell the answer first then explain why its true

8. Wilson Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $50,000. The equipment will have an initial cost of $600,000 and have an 8-year life. The salvage value of the equipment is estimated to be $100,000. If the cost of capital is 10%, what is the approximate net present value? A. Less than zero B. $100,000 C. $500,000 D. $46,826