Consider the following cost-cutting proposal: Cost of purchasing a new equipment: $500 o Assume expected life is 5 years and straight-line depreciation with zero value afterwards. Also assume the equipment has a market value of $0 after 5 years. Cost saving: $600 per year Tax rate: 30% What is the NPV of the project, given a discount rate of 4%? OA 51,503 OB. $2,003 OC $2,671 OD.$2,226 OE. $1,829