Detailed Manufacturing is considering a new production line that will require a $400,000 investment. The new equipment is expected to generate a savings of $100,000 per year for each of the next five years. Detailed Manufacturing's cost of capital is 7% What is the net present value of the investment in the new production line? Disregard the effect of depreciation and taxes Select one 0 a $730 O b. $10,020 0 C $83,440 O d $107,570 Mext nane