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Evaluate the investment that has the following cash flows: initial cost equal to $37,000, yearly income of $6,000, yearly cost of $1,250 and a proposed

Evaluate the investment that has the following cash flows: initial cost equal to $37,000, yearly income of $6,000, yearly cost of $1,250 and a proposed salvage value of $1,000. The life of the investment is 12 years. These cash flows do not provide an adequate return on the investment. If the investor uses a MARR of 10% to evaluate her investments, what would the minimum salvage value need to be for this investment to provide a sufficient return? $17,000 $29,520 $9,880 $23,190 $14,550

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