Use the Information Below to Answer the Following Question(s)

Use the information below to answer the following question(s) .
Albernie Ltd. purchased a CCA Class 8 (CCA rate of 20%) item of equipment for $90,000. The equipment was the only item in the Class 8 capital cost allowance pool. The equipment is expected to generate savings in the amount of $40,000 per year. The company uses straight-line depreciation, estimates a 3 year useful life with $20,000 salvage value for the new equipment. The tax rate is 35%, and Albernie has a required rate of return of 9.0%.
-What is the net present value of the Albernie Ltd. investment in equipment?

A) $ 1,480
B) $ (1,075)
C) $ 89,799
D) $ 8,357
E) $ 9,382