Marigold, Inc. is considering purchasing equipment costing $42000 with a 6-year useful life. The equipment will provide annual cost savings of $10600 and will be depreciated straight-line over its useful life with no salvage value. Marigold requires a 10% rate of return. Present Value of an Annuity of 1 Period 6 8% 4.623 9% 4.486 10% 4.355 11% 4.231 12% 4.111 15% 3.784 What is the approximate net present value of this investment? $21600 $2848 O $4163 $5552 Concord Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(2100). Annual cost savings were: $24000 for year 1; $20000 for year 2; and $15000 for year 3. The amount of the initial investment was Year Present Value PV of an Annuity of 1 at 12% of 1 at 12% 0.893 0.893 0.797 1.690 N w 0.712 2.402 0 $45952. O $50152. 0 $45940. O $50140