Multiple Choice Question 79 Cullumber 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 (900). A were: $10000 for year 1: 56000 for year 2; and $2000 for year. The amount of the initial investment was l cost savings Year Present Value PV of an Annuity of lat 12 of 1 at 12% 0.893 0.797 1.690 0.712 2.402 2 O $15312 O O O $14236 $16036 $13512