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ABC Company is thinking of buying a new piece of equipment for $448,000. This equipment would ast 10 years and would generate expected cash revenues of $482,000 and expected cash expenditures of $365,000. If the new equipment is purchased the old equipment would be sold immediately for an estimated price of $100,000. The old equipment cost $260,000 and had Accumulated Depreciation of $150,000. The company's tax rate is 22% and the cost of capital is 10%. Should ABC Company buy the new equipment? O No. The cost of the new equipment and the loss on the sale of the old equipment exceeds the present value of the future cash flows O Yes. The NPV is a positive $271,117 O No. Net present value is not positive. O Yes. The NPV is a positive $275,517 (rounded)