If Rosinki Fabricators purchases $$618,000$ of new equipment, they can lower annual operating costs by $$265,000.$ The equipment will be depreciated straight$-$line to a zero book value over its $3-$year life. Ignore bonus depreciation. At the end of the three years, the equipment will be sold for an estimated $$60,000.$ The equipment will require the company to hold an extra $$23,000$ of inventory over the $3-$year period. What is the NPV if the discount rate is $14$ percent and the tax rate is $21$ percent?

$$a$.-$$$2,646\mathrm{.}00$

$$ b$.-$$$7,014\mathrm{.}54$

$0.$

$-$ $$12,593\mathrm{.}78$

$$ d$.$ $$3,106\mathrm{.}54$

e$.$

$$6,884\mathrm{.}40$