Cleaners, Inc. is considering purchasing equipment costing $30,000 with a 6-year useful life. The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value. Cleaners requires a 10% rate of return. Present Value of an Annuity of1 Period | 890 | 9% | 10% | 11% 12% 15% 4.623 4.486 4.355 4.231 4.111 3.784 6 What is the approximate net present value of this investment? Select one: a. $13,800 b. $1,792 c. $886 d. $2,748 Page 17