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67. The following data pertain to an investment proposal: Required investment $75,000 Annual cost savings $18,000 Projected life of investment 8 years Projected salvage value

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67. The following data pertain to an investment proposal: Required investment $75,000 Annual cost savings $18,000 Projected life of investment 8 years Projected salvage value $4,000 Required rate of return 16% Ignoring income taxes, how much is the net present value of the proposed investment? A. $13,527 B. $3,185 C. $14,747 D. $4,405

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