Choo Enterprises is evaluating the purchase of a new computer network system. The new system would cost $21,000 and have a useful life of 4 years. At the end of the systeri's ite. it would have a residual value of $4,000. Annual operating cost savings from the new system would be $9,000 per year for eoch of the four years of its ile. Choo Enternrises has a minimi. required rate of return of 14% on all new projects. The net present value of the new network system would be closest to: (Round any intermediary calculations and your nnal answer wo we nearest wiuar-) A. 55.226 B. $7,594 C. $2,858 D. $28,594