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(Ignore income taxes in this problem.) The following data pertain to an investment proposal: Cost of the investment $30,000 Annual cost savings $9.000 Estimated salvage

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(Ignore income taxes in this problem.) The following data pertain to an investment proposal: Cost of the investment $30,000 Annual cost savings $9.000 Estimated salvage value $4.000 Life of the project 5 years Discount rate 12% The net present value of the proposed investment is closest to: $4,713 $2,445 O $19,000 $2,268

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