Karpets Industries is investing in a new high-speed loom for weaving its rugs and carpets. The new loom will have a useful life of 8 years and cost $50,000. The loom's residual value is $6,000. Assume that Karpets requires a return of 12% and that the loom will create annual cost savings of $15,850. What is the net present value (NPV) of the new any intermediary calculations and your final answer to the nearest dollar) E (Click the icon to view the present value of $1 table.) (Click the icon to view the present value of annuity of $1 table.) O A. $28,743 OB. $81,167 O C. $31,167 OD. $26,319 i Data Table -X i Data Table -X Present Value of $1 Periods 5 6 7 8% 0.681 0.630 0.583 0.540 0.500 0.463 10% 0.621 0.564 0.513 0.467 0.424 0.386 12% 0.567 0.507 0.452 0.404 0.361 0.322 14% 0.519 0.456 0.400 0.351 0.308 0.270 Present Value of Annuity of $1 Periods 8% 5 3.993 4.623 7 5.206 8 5.747 9 6.247 10 6.710 10% 3.791 4.355 4.868 5.335 5.759 6.145 12% 3.605 4.111 4.564 4.968 5.328 5.650 14% 3.433 3.889 4.288 4.639 4.946 5.216 8 9 10 Print Done Print Done