A company is evaluating a new product proposal that will last 6 years. The initial outlay is $2 million. The proposed product selling price is $220 per unit and the variable costs are $55 per unit and sales are planned to be 2,750 units each year. The incremental cash fixed costs for the product will be $3,750 per annum. What is the NPV of this project if the cost of capital is 10%? (use annuity table) O a. -$40,250 O b. $190,600 Oc. $40,250 Od $190,600