Michaels! is looking at a new sausage system with an installed cost of $803,400. This cost will be depreciated straight-line to zero over the project's 9-year life, at the end of which the sausage system can be scrapped for $123,600. The sausage system will save the firm $247,200 per year in pretax operating costs, and the system requires an initial investment in net working capital of $57,680.

If the tax rate is 23 percent and the discount rate is 11 percent, what is the NPV of this project?

A- $384,615.40

B- $329,095.28

C- $401,431.84

D- $364,226.74

E- $366,300.38