You are considering investing $600,000 in a new automated inventory system that will provide after-tax cost savings of $50,000 next year. These cost savings are expected to grow at the same rate as sales. If sales are expected to grow at 5% per year and your cost of capital is 10%, then what is the NPV of the automated inventory system?

A) $400,000

B) $500,000

C) -$100,000

D) $1,000,000

E) $4,000,000