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

Cost of the investment	$54,000
Annual cost savings	$16,000
Estimated salvage value	$7,000
Life of the project	5 years
Discount rate	12%

Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table.

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.)

$7,649

$31,000

$3,680

$3,969