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65. RST Corporation has provided the following data concerning an investment project that it is considering: Initial investment Annual cash flow Salvage value at the

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65. RST Corporation has provided the following data concerning an investment project that it is considering: Initial investment Annual cash flow Salvage value at the end of the project Expected life of the project years Discount rate $160,000 $54,000 per year $11,000 4 years 10% The net present value of the project is closest to: (See the time value of money sheet at the end of this exam.) A. $175 B. ($23,694) C. $3,662 D. $11,175

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