New equipment costs $675,000 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 $120,000 annually before taxes. If the company's required rate of return is 12%, determine the PV of after-tax cash flows. Assume a tax rate of 35% Select one: O a. $179,710 O b. $281,172 O c. $169,710 O d. $189,710