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

Cost	$292086
Expected useful life	10 years
Residual value at end of useful life	$29624
Increase in annual contribution margin	$44001

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

Select one:

a. $340393

b. $48307

c. $-250974

d. $31765