Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $47,000 to purchase equipment. The equipment will have a residual value at the end of its life of $5,000. The useful life of the equipment is 5 years. The new project is expected to generate additional net cash inflows of $22,000 per year for each of the five 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.) (Click the icon to view the present value of annuity of $1 table.) A. $39,507. B. $36,402. C. $10,790. D. $57,320