The Webster Corp. is planning the construction of a new shipping depot for its single manufacturing plant. The initial cost of the investment is $1 million. Efficiencies from the new depot are expected to reduce costs by $100,000 for each of the next 20 years. The corporation has a total value of $60 million and has outstanding debt of $40 million What is the NPV of the project if the firm has an after-tax cost of debt of 6% and cost equity of 9%? Select one: a. $60,401 b. $59,401 c. $59,901 d. $69,901