The Simpson Corp. is planning construction of a new plant. The initial cost of the investment is $3 million. Efficiencies from the new plant are expected to reduce costs by $620,000 forever. The corporation has a total value of $400 million and has outstanding debt of $150 million. What is the NPV of the project if the firm has an after tax cost of debt of 5% and a cost equity of 8%?

	a.	$4,018,181
	b.	$4,434,748
	c.	$6,018,181
	d.	$9,018,181