Hadden Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $37,000 to purchase equipment. The equipment will have a residumi value at the end of its life of $2,000. The useful life of the equipment is 6 years. The new project is expected to generate additional net cash inflows of $20,000 per year for each of the six years. The company's required rate of return is 12%. 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 0.478 6 0.564 0.507 0.456 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% 2246 2.796 3 274 3.685 LEGE O A $64.475 OB. $10,196 OC. $45,220 OD. $46,234 Hint: Make sure you find the present value of ALL future cash inflows... There is more than one step to this