(Ignore income taxes in this problem) Chee Corporation has gathered the following data on a proposed investment project Investment required in equipmen$240,000 Annual cash inflows. Salvage value.... $0 8 years 10% Required rate of return The company uses straight-line depreciation. Assume cash flows occur uniformly throughout a year except for the initial investment. Click here to view Exhibit 13B-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using table The net present value on this investment is closest to: O $240.024 O $26.750 O $58.800 o $160,000