Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $48,000 to purchase equipment. The equipment will have a residual value at the end of its life of $1,000. The useful life of the equipment is 4 years. The new project is expected to generate additional net cash inflows of $25,000 per year for each of the four years. Coyne's required rate of return is 10%. The net present value of this project is closest to: EB (Click the icon to view the present value of $1 table) EE (Click the icon to view the present value of annuity of $1 table.) OA. $31,250. OB. $31,933. O C. $9,661 O D. $47,149. his Question: I p Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial i to purchase equipment. The equipment will have a residual value at the end of its life of $1,000. The useful life of the equipment is 4 years. The new project is expected to generate additional net cash inflows of $25,000 per year for each of the four years. Coyne's required rate of return is 10%. The net present value of this project is closest to EE Click the icon to view the present value of $1 table,) Data Table Present Value of $1 Periods 14% 16% 10% 0.751 0.683 0.621 0.564 12% 0.641 0.6750.552 0.636 0.567 0.507 0.592 0.519 0.456 0.476 0.410 6 Print Done yne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $48,000 purchase equipment. The equipment will have a residual value at the end of its life of $1,000. The useful life of the uipment is 4 years. The new project is expected to generate additional net cash inflows of $25,000 per year for each of the ur 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.) G Data Table Present Value of Annuity of $1 12% | 14% Periods 4 6 10% 2.487 3.170 3.791 4.355 2.402 3.037 3.605 2.322 2.914 3.433 3.889 16% 2.246 2.798 3.274 3.685 PrintDone