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(Ignore income taxes in this problem.) The following data pertain to an investment proposal: Cost of the investment $62,000 Annual cost savings Estimated salvage value

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(Ignore income taxes in this problem.) The following data pertain to an investment proposal: Cost of the investment $62,000 Annual cost savings Estimated salvage value Life of the project Discount rate $18,000 $6.000 5 years 12% Click here to view Exhibit 13B-1 and Exhibit 13B-2, to cletermine the appropriate discount factorfs) 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.) $6.292 $3.402 $38.000 $2.890 5

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