11 12 01.26.48 Jackson Corporation has provided the following Information for a proposed investment project Discount rate Life of the project Initial investment cost Annual cost savings Salvage value 9% 6 years $60,561 13,500 2,700 What is the net present value of the proposed investment project? (Select the answer that is closest to your calculations) Present value tables are provided below Present Value of $1 Table (Exhibit 118-1) (Partial table) Periods 6% 8% 6% 7% 8% 9% 10% 11% 12% 13% 14% T 2 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.812 0.797 0.783 0.769 3 4 5 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.731 0.712 0.603 0.075 0.650 0.636 0.613 0.502 0.593 0.567 0.543 0.519 6 7 8 9 10 11 12 13 14 15 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.480 0.456 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452 0.425 0.400 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.703 0.645 0.502 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0.295 0.270. 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.317 0.287 0.261 0.237 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.2081 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.204 0.182 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.209 0.183 0.160 0.140 Present Value of an Annuity of $1 in Arrears Table (Exhibit 118-2) (Partial table) 11% 12% 13% 14% 1 2 6% 5% 7% 8% Periods 4% 0.962 0.952 0.943 0.935 0.926 1.886 1.859 1.833 1.808 1.783 10% 9% 0.917 0.909 0.901 0.893 0.885 0.877 1.759 1.736 1.713 1.690 1.668 1.647