Hadden Corporation is evaluating a capital investment opportunity. This projoct would require an inilsal investment of $34,000 to purchase equipment. The equipment will have a residual value at the end of its life of $5,000. The useful life of the equipment is 5 years. The new project is expected to generate additional net cash infiows of $18,000 per year for each of the flive years. The company's required rate of return is 12%. The net present value of this project is closest to: A. $33,725 3. $48.447 C. 530,890 D. $7.817