A $52,046.

B $69,560.

C $121,606

D $ 259,570

TIP Save & Exit Submit Glaze Manufacturing Company (GMC) is considering an opportunity to invest in a new piece of equipment. The equipment costs $69,000 with $49,000 due on the date of purchase and the remaining $20,000 due at the end of year three. The equipment is expected to have a 6 year useful life. GMC's accountant has developed the following cash flow information regarding the equipment Part 2 of 2 points Purchase price of the equipment due up front Remaining balance due at end of year 4 Additional working capital required immediately upon purchase Salvage value Incremental income per year Working capital recovery at end of useful life $49,000 $20,000 6,900 19,500 24,500 $ 6,900 Assuming a required (desired) rate of return of 10%, the net present value of this investment opportunity is (Use the PV of $1 and PVA of $1 tables) (Round intermediate and final answer to the nearest whole dollar.) Multiple Choice of 40 Next > Mc Graw HHI Education