A company is evaluating the feasibility of investing in machinery to manufacture an automotive component. It would need to make an investment of $520,000 today, after which, it would have to spend $8,000 every year starting one year from now, for ten years. At the end of the period, the machine would have a salvage value of $13,000. The company confirmed that it can produce and sell 8,350 components every year for ten years and the net return would be $13.90 per component. The company's required rate of return is 6.00%. a. What is the Net Present Value (NPV) of this investment option? Round to the nearest cent b. Is the investment option feasible? o Yes O No e