12. What is the net present value of a capital project to buy new equipenent for replacing old equipment, given following data and a minimum retum of 12%"pure uses Purchase price 5%,000 521,100 7,200 Remaining useful hife years) Current salvage value Salvage value in & years Annual operating costs 12,000 1,000 4,000 2,000 8,000 (A) $(5,788) (B) 5 4,596 (C) 56,616 (D) 5 7,020 E) None of the above Cancel Revert