X Company is thinking about expanding the production of Product X and eliminating Product Y. Expanding sales of X should result in additional firm profits of $9,000 per year for the next 8 years, but will require the purchase of some additional equipment, costing $15,000. This equipment should be worth $3,500 at the end of 8 years. By eliminating Product Y, the firm will lose the product's $8,000 annual contribution margin but will save $14,000 of annual fixed costs. Assuming a discount rate of 5%, what is the net present value of expanding the production of Product X and eliminating Product Y? A: $72,064 B: $84,314 C: $98,648 D: $115,418 E: $135,039 F: $157,996 Answer Submitted: Your final submission will be graded after the due date. Tries 1/99 Previous Tries