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MCQ

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The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment $ 64, 090 Annual cost savings $ 18, 090 Estimated salvage value $ 8,000 Life of the project 5 years Discount rate 10% Click here to view Exhibit 148-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed investment is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice O $38,000 O $9,206 O $4,968 $4.238