A piece of new equipment will cost $$70,000.$ The equipment will provide a cost savings of $$15,000$ per year for ten years, after which it will have a $$3,000$ salvage value. If the required rate of return is $4\%$ the equipment's net present value is:

A$)$ $$8,240.$

B$)$ $$(8,240).$

C$)$ $$23,888.$

D$)$ $$9,050.$