(Ignore income taxes in this problem.) Jones and Company has just purchased a new piece of equipment, the cost characteristics of which are given below: Purchase Cost when new..........$30,000 Annual Cost Savings................$6,000 Salvage Value........................$0 Life of equipment...................15 years The company uses a required rate of return of 10% and depreciates equipment using the straight-line method. The net present value of the investment is: A. $15,636 B. $24,000 C. $45,636 D. $60,000