You are considering a project that requires a $300 investment in equipment with the following attributes: $50 per year indefinitely of incremental cash flows; a WACC of 10%; cannibalization of existing product sales of $80 in present value; foregone product sales of $60 in present value. What is the project's NPV?

options:

a) positive, and above the cost of capital.

b) positive, but below the cost of capital

c) zero

d) negative