The management of Fawn Farms is considering the purchase of equipment costing $320,000. The equipment has a useful life of eight years, with $20,000 residual value. The use of this equipment will produce positive annual cash flow of $60,000 for eight years, as well as $20,000 from sale of the equipment at the end of the eighth year. What is the NPV if Fawn requires a 10% return? O $9,340 O $320,100 O $9,440 O $329,440