(Ignore income taxes in this problem.) The following data pertain to an investment proposal:

Cost of the investment	$66,000
Annual cost savings	$18,000
Estimated salvage value	$7,000
Life of the project	5 years
Discount rate	11%

Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables.

The net present value of the proposed investment is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.)

$4,679

$528

$4,151

$41,000