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(Ignore income taxes in this problem.) Boyson, Inc., is investigating an investment in equipment that would have a useful life of 9 years. The company

(Ignore income taxes in this problem.) Boyson, Inc., is investigating an investment in equipment that would have a useful life of 9 years. The company uses a discount rate of 16% in its capital budgeting. The net present value of the investment, excluding the salvage value, is -$315,027. To the nearest whole dollar how large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive? $1,197,821 $50,404 $1,968,919 $315,027

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