Larkspur, Inc. is considering purchasing equipment costing

$$72000$ with a $6-$year useful life. The equipment will provide annual

cost savings of $$18000$ and will be depreciated straight$-$line over

its useful life with no salvage value. Larkspur requires a $10\%$ rate

of return.Present Value of an Annuity of $1$ Period$8\%$ : $4\mathrm{.}6239\%$: $4\mathrm{.}48610\%$:$4\mathrm{.}35511\%$: $4\mathrm{.}23112\%$: $4\mathrm{.}11115\%$:$3\mathrm{.}784$What is the approximate net present value of this

investment?$$36000$$$8748$$$6390$$$4158$