Direct labor efficiency wariance Question 15 Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $32,000 to purchase equipment. The useful life of the equipment is 4 years. The new project is expected to generate additional net cash inte et $15.000 per year for each of the four years, Coyne's required rate of return is 10%. The net present value of this project is donest to PV of $1 Factor (n-4, 1-10%): 0.683 PV of Annuity Factor (n=4,1-10%): 3.170 FV of $1 Factor (n=4, i-10%): 1.464 FV of Annuity Factor (n=4, i=10%): 4.641 $26,377 $14,550. $604. $15,916. Question 16 wur is $18.00 and the standard cost of direct labor per hour is $16.00. The direct labor h ed using 2,700 direct la