Blue Spruce Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(1200). Annual cost savings were: $14000 for year 1: 12000 for year 2; and $10000 for year 3. The amount of the initial investment was PV of an Annuity Year of 1 at 12% Present Value of 1 at 12% 0.893 0.797 0.712 1 2 0.893 1.690 2.402 3 O $27624 O $30024. $30386. $27986. A company's planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Fixed Depreciation $60000 Variable Indirect $240000 materials Indirect labor 300000 Factory 30000 supplies Taxes 10000 Supervision 50000 A flexible budget prepared at the 80000 machine hours level of activity would show total manufacturing overhead costs of $576000. O $456000. O $570000 O $552000