or Hadden Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $45,000 to purchase equipment. The equipment will have a residual value at the end of its life of $2,000. The useful life of the equipment is 6 years. The new project is expected to generate additional net cash inflows of $22,000 per year for each of the six years. The company's required rate of return is 12%. The net present value of this project is closest to: Present Value of $1 Periods 3 4 5 6 0.564 Present Value of Annuity of $1 10% 2.487 Periods 3 10% 0.751 0.683 0.621 OA. $68,641 OB. $46,456 OC. $2,626 OD. $45,442 12% 0.712 0.636 0.567 0.507 12% 2.402 14% 0.675 0.592 0.519 0.456 14% 2.322 16% 0.641 0.552 0.476 0.410 16% 2.246 Clear all Check answer

Hadden Corporation is evaluating a captal investment opportunity. This peoject would require an inilal investment of $45,000 to purchase equipment. The equipment wil have a residual value at the ond of its ife of $2,000. The usetul ife of the equipment is 6 years. The new project is expected to generate additonal net cash infows of $22,000 par year for cach of the six years. The company's required fate of rehurn is 12%. The net present value of this project is dosest to: A. $68,641 B. 546,456 C. $2.026 D. $45,442