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 S4,000. The useful life of the equipment is 5 years. The new project is expected to generate additional net cash inflows of $25,000 per year for each of the five years. Coyne's required rate of retum is 14%. The net present value of this project is closest to: (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) O A. $52,825. B. $54,901 OC. $24,376. OD. $70,774. i Data Table Present Value of $1 Periods 10% 0.751 0.683 0.621 0.584 12% 0.712 0.636 0.567 0.507 14% 0.875 0.592 0.519 0.456 16% 0.641 0.552 0.476 0.410 5 i Data Table Present Value of Annuity of $1 Periods 10% 2.487 4 3.170 5 3 .791 4.355 12% 2.402 3,037 3.605 4.111 14% 2.322 2.914 3.433 3.889 16% 2.246 2.798 3.274 3.685 Click to select your