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23. Perpetual Power is considering the purchase of a new piece of equipment for a cost of $9,000. Perpetual Power Machine Co. - Purchase of

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23. Perpetual Power is considering the purchase of a new piece of equipment for a cost of $9,000. Perpetual Power Machine Co. - Purchase of a New High Machining Tool Year Cash Flow Year 1 $500 Year 2 $500 Year 3 $3.000 Year 4 $3.000 Year 5 $10.000 Using a required rate of return of 12%, what is this project's NPV? Select one: O a. $1561.19 O b. $1216.56 O c. $8,567.12 O d. $8,000.00

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