Current Attempt in Progress Tamarisk Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(1100). Annual cost savings were: $10000 for year 1; 8000 for year 2; and $6000 for year 3. The amount of the initial investment was PV of an Annuity Present Value of 1 at 12% Year of 1 at 12% 1 0.893 0.797 . w N 0.893 1.690 2.402 0.712 O $20678 O $18478 O $18116 O $20316. Attempts of 1 used