You have the following information about a machine purchase:

Cost of Machine = 400,000

Corporation tax rate =19%

Life of project = 5 years

Discount rate = 10%

If the company can claim capital allowance using a straight-line basis, what is the net present value (NPV) of acquiring the machine, the nearest 1,000? Assume tax savings are received in the year they are generated and the machine has a zero scrap value.

A.356,000

B.318,000

C.330,000

D. 400,000

E. 342,000