Trist Inc. is considering the purchase of a new loom to replace a less efficient one. The new machine will cost $240,000 including installation. The machine being replaced was purchased 5 years ago for $150,000 and is being depreciated as a 7-year MACRS property. It can be sold for $40,000. Compute the NINV for this project if Trist has a marginal tax rate of 35%. (Note: requires MACRS depreciation rates from the textbook)

           a. $225,000

           b. $202,287

           c. $239,000

           d. $218,000