A new textbook printing press costs $4,250,000 and could be depreciated at 30% per year. The press can be sold for $860,000 in five years. The new press would save the firm $865,000 before taxes in operating costs per year for five years. Suppose that there is no impact on net working capital and that there are no capital gains taxes/losses to worry about. The firm's weighted average cost of capital is 15% and the corporate tax rate is 40%. What would be the NPV of purchasing this press? a) -$876,293 b) -$1,564,831 c) -$858,298 d) $1,137,259 e) $1,023,240 A new textbook printing press costs $4,250,000 and could be depreciated at 30% per year. The press can be sold for $860,000 in five years. The new press would save the firm $865,000 before taxes in operating costs per year for five years. Suppose that there is no impact on net working capital and that there are no capital gains taxes/losses to worry about. The firm's weighted average cost of capital is 15% and the corporate tax rate is 40%. What would be the NPV of purchasing this press? a) -$876,293 b) -$1,564,831 c) -$858,298 d) $1,137,259 e) $1,023,240