Hadden Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $31,000 to purchase equipment. The equipment will have a residual value at the end of its life of $4,000. The useful life of the equipment is 5 years. The new project is expected to generate additional net cash inflows of $21,000 per year for each of the five years. The company's required rate of return is 14%. The net present value of this project is closest to Present Value of $1 Periods 10% 12% 14% 16% 3 0.751 0.712 0.675 0.641 4 0.683 0.636 0.592 0.552 5 0.621 0.567 0.519 0.476 6 0.564 0.507 0.456 0.410 Present Value of Annuity of $1 O A. $14,494 O B. $58,080 O C. $41093 OD. $43.169 Present Value of $1 Periods 3 4 5 6 10% 0.751 0.683 0.621 0.564 12% 0.712 0.636 0.567 0.507 14% 0.675 0.592 0.519 0.456 16% 0.641 0.552 0.476 0.410 Present Value of Annuity of $1 Periods 10% 3 2.487 4 3.170 5 3.791 6 4.355 12% 2.402 3.037 3.605 4.111 14% 2.322 2.914 3.433 3.889 16% 2.246 2.798 3.274 3.685 A. $14.494 OB. $58,080 OC. $41,093 D. $43.169