A new electronic process monitor costs $7,000,000. This cost could be depreciated at 30% per year (CCA Class 10). The monitor could be sold for $1,428,595 at the end of five years. The new monitor would save the firm $2,400,000 before taxes in annual operating costs for the five years. There would be no impact on net working capital. The firms weighted average cost of capital is 15% and the corporate tax rate is 40%. 3. What would be the NPV of purchasing this system? A) $866,886 B) $816,957 C) $3,310,960 D) $92,891 E) $512,639