Company X has the following information on an investment proposal: $98,000 $14,000 Cost of the investment Annual cash savings Estimated residual value Life of the project Discount rate $10,000 10 years 12% What is the net present value of the project? Ignore income tax effects. Enter your answer as either a positive or negative number rounded to the nearest dollar, do not include a dollar sign. Periods 10% 12% 14% 16% 1 0.909 0.893 0.877 0.862 2 0.826 0.797 0.769 0.743 3 0.751 0.712 0.675 0.641 4 0.683 0.636 0.592 0.552 5 0.621 0.567 0.519 0.476 6 0.564 0.507 0.456 0.410 7 0.513 0.452 0.400 0.354 8 0.467 0.404 0.351 0.305 9 0.424 0.361 0.308 0.263 10 0.386 0.322 0.270 0.227 70 Present Value of Annuity of $1: Periods 10% 12% 14% 16% 6 4.355 4.111 3.889 3.685 4.868 7 4.564 4.039 4.288 8 5.335 4.968 4.344 4.639 5.328 4.946 4.607 9 5.759 5.216 5.650 4.833 10 6.145 the proiect2 lanore income tax What is the net present value of the project? Ignore income tax effects. Enter your answer as either a positive or negative number rounded to the nearest dollar, do not include a dollar sign