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ABC Corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. The investment would provide cash inflows of

image text in transcribed ABC Corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. The investment would provide cash inflows of $2,000 per year for six years. The working capital would be released for use elsewhere when the project is completed. If the company's discount rate is 10%, the investment's net present value is closest to (Ignore income taxes.): Discount factor ( i=10%) PV of Annuity 4.35526 table, n=6 Discount factor 0.56447 ( i=10%)PV of $1,n=6 \begin{tabular}{c} $4,350 \\ \hline$(1,290) \\ \hline$2,000 \\ \hline$1,290 \end{tabular}

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