Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $33,000 to purchase equipment. The equipment will have a residual value at the end of its life of $4,000. The useful life of the equipment is 3 years. The new project is expected to generate additional net cash inflows of $23,000 per year for each of the three years. Coyne's required rate of return is 10%. The net present value of this project is closest to: (Click the icon to view the present value of $1 table.) B (Click the icon to view the present value of annuity of $1 table.) O A. 524,201. O B. $16,282 OC. $27,205. OD. 535,422. i Data Table Present Value of $1 Periods 10% 0.751 0 683 0.621 0 564 12% 0.712 0.636 0.567 0507 14% 0.675 0.592 0.519 0.456 16% 0.641 0.552 0.476 0.410 Print Done OU 20) 11:24 PM