A company owns a 6-year-old gear hobber that has a book value of \($60,000.\) The present market value of the hobber is \($80,000.Anew\) gear hobber can be purchased for \($450,000.\) Using an insider’s point of view, what is the net first cost of purchasing the new gear hobber?

a. \($310,000

b. $370,000

c. $390,000

d. $450,000

\)