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Auto Ltd. is considering a project to upgrade its manufacturing equipment. The project requires an initial investment of $1 million. As a result of the

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Auto Ltd. is considering a project to upgrade its manufacturing equipment. The project requires an initial investment of $1 million. As a result of the upgrade, Auto Ltd. can save $200,000 per year for 8 years. If Auto Ltd's required rate of return is 7%, what is the project's net present value? Select one: Select one: O a $127,190 Ob $80,076 Oc. $159,385 O d. $194,260

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