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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 $1,000. The useful life of the equipment is 4 years. The new project is expected to generate additional net cash inflows of $18,000 per year for each of the four years. The company's required rate of return is 10%. The net present value of this project is closest to: A. $26,743 B. $36,570 C. $12,359 D. $26,060