31. The following data concern an investment project: Investment in equipment $20,000 Net annual cash inflows $3,000 Working capital required $10,000 Salvage value of the equipment $4,000 Life of the project 12 years Discount rate 14% The working capital will be released for use elsewhere at the conclusion of the project. Required: Should the manager accept this project. Present Value Factor for 12 years at 14% discount rate is 0.208 and present value annuity factor for 12 years is 5.660. Your