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Given the following data: Present invetment required $12,000 Net present value $430 Annual cost savings $? Discount rate 12% Life of the project 10 years

Given the following data:

Present invetment required $12,000

Net present value $430

Annual cost savings $?

Discount rate 12%

Life of the project 10 years

Based on the data given, the annual cost savings would be:

A. $1,630.00

B. $2,200.00

C. $2,123.89

D. $2,553.89

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