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Baber Corporation is planning an investment with the following characteristics: (Ignore income taxes in this problem.) Useful life 5 years $40,000 Yearly net cash inflow

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Baber Corporation is planning an investment with the following characteristics: (Ignore income taxes in this problem.) Useful life 5 years $40,000 Yearly net cash inflow Salvage value Internal rate of return Required rate of return $0 14% 10% Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables The initial cost of the equipment is closest to: (Round discount factor(s) to 3 decimal places)

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