Hopkins Corporation Hopkins Corporation is considering the purchase of a new ocean-going vessel that could potentially reduce labor costs of its operation by a considerable margin. The new ship would cost $600.000 and would be fully depreciated by the straight line method over 15 years. At the end of 15 years, the ship wilt have no value and will be scuttled. Hopkins cost of capital 14 percent, and its marginal tax rate is 35 percent. Refer to Hopkins Corporation. If the ship produces equal annual labor cost savings over as 10-year life, how much do the annual savings in labor costs need 10 on the project? (Round to the nearest dollar) Present value tables or a financial calculator are required Select one A. $97, generate a net present of $226,00 0 SLAS $146,906 O Previous Save Answers Next O