Hi there, I was wondering if someone could help me with this question? Thanks a lot

A company has purchased and installed a new switching station with a price tag of $700,000. This stations life span will be 4 years, and will save the company $550,000 per year before tax. After 4 years, this station will have no salvage value.

The company has a tax rate of 35% and the packaging machine has a CCA rate of 30%.

What is the Net Present Value of this undertaking?

Discount rate is not provide

MC OPTIONS:

A. $497,669

B. $461,113

C. $485,551

D. $473,336

E. $450,003