MC Qu. 50 (Ignore income taxes in this problem.). (Ignore income taxes in this problem) The following data pertain to an investment proposal: Cost of the investment Annual cost savings Estimated salvage value Life of the project Discount rate $34,000 $10,000 $5,000 5 years 11% Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factors) using tables. The net present value of the proposed investment is closest to: (Round discount factors) to 3 decimal places, intermediate and final answers to the nearest dollar amount.) O $5,925 O $2.960 O $2.965 O $19,000