Assume that a company is considering buying a new piece of equipment for $$250,000$ that would have a useful life of five years and a salvage value of $$32,000.$ The equipment would generate the following

estimated annual revenues and expenses:

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

Assuming a discount rate of $17\%,$ what is the net present value of this investment?

Multiple Choice

$$(11,478)$

$$(150,954)$

$$(128,966)$

$$40,578$