Toronto Textiles is considering buying a new, high efficiency weaving system. The new system would cost $700.000 today. It would be depreciated straight line to 50 over 2 years. In 2 years, the system would be hauled away for nothing, so the after-tax cash flow from capital spending in year 2 would be so. The system is expected to reduce costs by 5450.000 in year 1 and by $450,000 in year 2. If the tax rate is 30% and the cost of capital is 1096, what is the net present value of the new weaving system a. $28.926 (plus or minus $100) b. - 5153.306 (plus or minus $100) c. 580,992 (plus or minus $100) d. -51,064,463 (plus or minus 5100) e. None of the above is within $100 of the correct