A company is considering the purchase of a new piece of equipment. Information relating to this investment is given below:

Cost	$286446
Expected useful life	10 years
Residual value at end of useful life	$30694
Increase in annual contribution margin	$38043

Assuming a weighted average cost of capital of 6%, what is the net present value of this investment?

Select one:

a. $297139

b. $-248064

c. $-6446

d. $10693