Oriole Co. purchased equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(900), Annual cost savings were: $11000 for year 1; $9000 for year 2; and $7000 for year 3. The amount of the initial investment was Present Value PV of an Annuity of 1 at 12% of 1 at 12% 0.893 0.893 0.797 1.690 0.712 2.402 Year 1 2 3 $22518 $20718 $22880 $21080 A company has a minimum required rate of return of 9%. It is considering investing in a project which costs $270000 and is expected to generate cash inflows of $130000 at the end of each year for three years. Given the present value factors in the following table, what is the net present value of this project? Present Value of an Annuity of 1 Period 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2531 2.487 $59030 $10905. $12000 $60030