Snyder Corp. is considering including a piece of equipment in this year's capital budget. The firm's cost of capital is 14%. The cash outlay for the equipment is $22,430. The after-tax cash flows expected, including depreciation are $7,500 for years 1 through 5 years ($7,500 each year for 5 years). What is the Net Present Value (NPV)? Select one: a. $15,070.00 O b. $3,813.11 c. $3,318.11 O d. $59,930.00