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 $5,000. The useful life of the equipment is 4 years. The new project is expected to generate additional net cash inflows of $21,000 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: (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. $33,570 B. $47,446. C. $21,673 OD. $36,985 IC de IC required rate of return is 10%. The net present value of this project is closest to: i Data Table - . OB. . OD. Present Value of $1 Periods 3 4 5 6 10% 0.751 0.683 0.621 0.564 12% 0.712 0.636 0.567 0.507 14% 0.675 0.592 0.519 0.456 16% 0.641 0.552 0.476 0.410 Print Done 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 $5,000. The useful life of the equipment is 4 years. The new project is expected to generate additional net cash inflows of $21,000 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: * Data Table A. O a B. OO Present Value of Annuity of $1 Periods 10% 3 2.487 4 3.170 5 3.791 6 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 Print Done Click to select your