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 14% Discount rate The working capital will be released for use elsewhere at the conclusion of the project. You are requireu 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. 10 10 p