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( Appendix 1 3 A ) The following data pertain to an investment: Cost of the Investment $ 2 0 , 0 0 0 Life

(Appendix 13A) The following data pertain to an investment:
Cost of the Investment $20,000
Life of the Project 5 years
Annual Cost Savings $10,000
Estimated Salvage Value $1,000
Discount Rate 15%
What is the net present value of the proposed investment? (Ignore income taxes in this problem.)(Do not round your intermediate calculations and round the final answer to the nearest whole dollar.)
Group of answer choices
$3,355
$0
$14,019
($3,430)

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