Pam's Pet Palace is considering an investment in dog grooming equipment that would increase cash receipts by $$12,000$ annually. The initial cost of the equipment is $$50,000.$ The equipment has an estimated $10$ year life and will have a $$5,000$ salvage value. Using a discount rate of $8\%,$ what is the net present value of this equipment?

$$35,520$

$$82,835$

$$32,835$

$$30,520$