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 $30,000. The equipment would generate the following estimated annual revenues and expenses: Revenues Less operating expenses: Commissions Insurance Depreciation Maintenance Net operating income $ 120,000 $ 15,000 5,000 44,000 30,000 94,000 $ 26,000 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 15%, what is the net present value of this investment? Multiple Choice $(450) $(147,938) $(117,938) $29,550