19. Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000 for year 1; $24,000 for year 2, and $27,000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was Present Value PV of an Annuity Year of 1 at 15% of 1 at 15% .870 .870 .756 1.626 .658 2.283 A) $45,792 B) $45,180 C) $29,232 D) $38,376. 20. All of the following statements about intangible benefits in capital budgeting are correct except that they A) include increased quality and employee loyalty. B) are difficult to quantify. C) are often ignored in capital budgeting decisions. D) cannot be incorporated into the NPV calculation