A firm is considering replacing an old piece of equipment with a newer version that costs $2,385,000 and has a CCA rate of 35% per year. The old equipment could be sold today for $383,000. The new equipment could be sold for $40,753 at the end of ten years. There are no capital gains or losses to worry about. The new equipment would save the firm $490,000 before taxes in annual operating costs for each of the ten years. There are no net working capital changes required. The firm's WACC is 11% and it pays a corporate tax rate of 37%. What would be the NPV of replacing the equipment? O $287,468 B) $273,794 C) $190,902 D) $361,998 E) $203,820