New equipment costs $225,000 and is expected to last for five years with no salvage value. During this time, the company will use a 30% CCA rate. The new equipment will save $90,000 annually before taxes. If the company's required rate of return is 11% and the rate is 30%, what is the NPV of the purchase?

options:

	$51,884
	$55,184
	$53,284
	$54,784
	$52,084