closest to:

$\backslash$table$[[\backslash$table$[[$Present Value of $$1$

Hadden Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $49,000 to purchase equipment. The equipment will have a residual value at the end of its life of $2,000. The useful life of the equipment is 6 years. The new project is expected to generate additional net cash inflows of $24,000 per year for each of the six years. The company's required rate of return is 10%. The net present value of this project is closest to: Present Value of $1 Periods 3 4 5 6 100/0 0751 0.683 0621 0564 Present Value of Annuity of $1 Periods 3 4 5 6 $55,520 $56,648 $18,820 $78,012 287 3.170 3.791 4.355 12% 0.712 0.636 0.567 0.507 12% 2.402 3.037 3605 4.111 140/0 0675 0.592 0.519 0.456 14% 2.322 2.914 3.433 3.889 0.641 0.552 0.476 0.410 2.246 2.798 3.274 3.685 o