Hadden Corporation in evaluating a capital investment opportunity. This project would require an initial investment of $35,000 to purchase equipment. The equipment will have a residual value at the end of its life of $3,000. The useful life of the equipment is 3 years. The new project is expected to generate additional net cash inflows of $25,000 per year for each of the three years. The company's required rate of return is 10% The not present value of this project is closest to Present Value of $1 Periods 10% 12% 14% 16% 3 0.751 0.712 0.675 4 0.683 0.636 0.592 5 0.621 0.567 0.519 0.476 0.564 0.507 0456 0.410 0.641 0.552 6 Present Value of Annuity of $1 Periods 10% 3 2.487 4 3.170 3.791 0 4.355 12% 2402 3.037 3.605 4. 111 14% 2.322 2.914 3.433 3.889 16% 2 246 2.708 3.274 3.685 DA 529.428 B: 527,175 OG $38,143 OD $17.643