al Accounting - Brewer, Garrison, Noreen, 8e, Capital Budgeting Decisions Pam's Pet Palace is considering an investment in dog grooming equipment that would increase cash recelpts by $12,000 annually. The initial cost of the equipment is $50,000. The equipment has an estimated 10 year life and will have a $5,000 salvage value. Using a discount rate of 8%, and the tables in the appendix, what is the net present value of this equipment? Click the answer you think is right. $30,520 $35,520 $82,835 $32.835 Read about this Do you know the answer? I know it Think so Uns No Idea