Assume that a company is considering buying a new piece of equipment for $250,000 that would have a useful life of five years and a salvage value of $31,000. The equipment would generate the following estimated annual revenues and expenses: Revenues $ 120,000 Less operating expenses: Commissions Insurance Depreciation Maintenance Net operating income $ 26,200 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. Assuming a discount rate of 14%, what is the net present value of this investment? $35,499 $6,399 $(156,764) $(123,887) $ 15,000 5,000 43,800 30,000 93,800