14) Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return $ 30,000 $ 6,000 $ 0 15 years 10% The company uses straight-line depreciation on all equipment Assume cash flows occur uniformly throughout a year except for the initial investment. The net present value of the investment is: