Newport Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,000. The machine will have an initial cost of $900,000 and have a 6-year life. There is no salvage value. If the hurdle rate is 10%, what is the approximate net present value? Ignore income taxes. Select one: a. negative $28,940 b. positive $28,940 c. zero d. positive $300,000