Hewlett Company is considering the following-investment: Estimated capital investment Estimated useful life Estimated disposal value in 3 years Estimated annual savinge in cash operating costsjend of year) Minimum desired rate of retum Present value of ordinary annuity of one, 3 periode at 12% Present value of one, 3 periods at 12% $220.000 3 years $10,000 $120,000 12% 2.4018 0.7118 Assume straight-line depreciation is used. Ignore income taxes. The net present value of the investment is O $68.216 $150.229 $75.334 $78.216 11 # 1132 AM 4/23/2022