Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $32,000 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 4 years. The new project is expected to generate additional net cash inflows of $16,000 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) EB (Click the icon to view the present value of annuity of $1 table.) OA. OB, $7,287 $22,135. O C. $18,720 O D. $32.279 Data Table Present Value of $1 Periods | 1696 1496 1096 0.675 0.641 0.552 0.712 0.751 0.592 0.636 0.683 0.476 0.519 0.567 0.621 0.410 0.456 0.507 0.564 Print Done 1 Data Table Present Value of Annuity of $1 Periods 10% 2.402 2.487 2.322 2.246 3,170 3.03729142.798 3.170 2.914 3.791 3.605 3.433 3.274 4.355 3.889 3.685 Print | Done