Assume the following information for a capital budgeting proposal with a five year time horizon; if the companys discount rage is 12% then the net present value for this investment is closest to;

$410,000 initial investment: Cost of equipment (zero salvage value) Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket costs $300,000 $130,000 $ 50,000 $ 40,000 Click here to view Exhibit 148.1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using the tables provided of the company's discount rate is 12%, then the net present value for this investment is closest to: Multiple Choice $121,600 $(21,600) $(121,600), $58,650