Company X has the following information on an investment proposal: Cost of the investment $139,000 Annual cash savings $14,000 Estimated residual value $12,000 Life of the project 7 years Discount rate 129 What is the net present value of the project? Ignore income tax effects, Present Value of $1 Periods 10% 1296 16% 14% 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 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 Present Value of Annuity of $1: Periods 8% 10% 12% 1496 16% 6 4.623 4.355 4.111 3.889 3.685 7 5.206 4.868 4.564 4.288 4.039 8 5.747 5.335 4.968 4.639 4.344 9 6.247 5.759 5.328 4.946 4.607 10 6.710 6.145 5.650 5.216 4.833