Automated Manufacturers uses a high-tech equipment to produce specialized aluminum products for its customers. This machine costs $1,480,000 to purchase plus an additional $49,000 a year to operate. The machine has a 6-year life after which it is worthless. The tax rate is 20%. What is the equivalent annual cost of one these machines if the required return is 16 percent?

A. -$450,657

B. -$427,109

C. -$391,524

D. -$295,667

E. -$256,947