Bramble Inc. is considering purchasing equipment costing $41000 with a 7-year useful life. The equipment will provide cost savings of $10000 and will be depreciated straight-line over its useful life with no salvage value. Bramble Inc. requires a 11% rate of return. What is the approximate net present value of this investment?

	Present Value of an Annuity of 1
Period	9%	10%	11%	12%	13%	16%
7	5.033	4.868	4.712	4.564	4.423	4.039

$31000

$6120

$4640

$7680