Below is information related to an investment being considered by Mu Corporation Initial investment $60,000, 3 year life, no salvage value Project life 3 years Annual cash inflows $40,000 Working capital $10,000 Cash inflows occur at the end of each of the three years. Working capital is required immediately and released back into the company at the end of Assuming a discount rate of 8%, the net present value of the project is closest to For individuals preferring to solve with tables as presented in the text rather than the Excel spreadsheet covered in class, present value factors for b annuity at 8m are provided below: PV of $18% py of an annuity 8% 1 0.926 0.926 0.857 1.783 2 3 0.794 2.577 $25,140 $ 53,080 $33,0B0 $41,020 Moving to another question will save this response Quest