Fayette Corporation is considering investing in specialized equipment costing $652,000. The equipment has a useful life of 5 years and a residual value of Depreciation is calculated using the straight - line method. The expected net cash inflows from the investment are: Year 1 $220,000 Year 2 $220,000 Year 3 $159,000 Year 4 $120,000 Year 5 $83,000 $802,000 Fayette Corporation's required rate of return is 14%. The net present value of the investment is closest to: Present Value of $1 Periods 10% 12% 14% 16% 0.909 0.893 0.877 0.862 0.826 0.797 0.769 0.743 On A W N - 0.751 0.712 0.675 0.641 0.683 0.636 0.592 0.552 0.621 0.567 0.519 0.476