Blue Spruce, Inc. is considering purchasing equipment costing $84000 with a 6-year useful life. The equipment will provide annual cost savings of $22600 and will be depreciated straight-line over its useful life with no salvage value. Blue Spruce requires a 10% rate of return. Period 6 Present Value of an Annuity of 1 8% 9% 10% 11% 12% 15% 4.623 4.486 4.355 4.231 4.111 3.784 What is the approximate net present value of this investment? $17384 O $51600 O $14423 O $11620 Present Value of an Annuity of Periods 8% 0.926 1.783 2.577 9% 0.917 1.759 2.531 10% 0.909 1.736 2.487 3 A company has a minimum required rate of return of 9%. It is considering investing in a project that costs $180000 and is expected to generate cash inflows of $73000 at the end of each year for three years. The net present value of this project is $18476. $184763. $36500. O $4763