Parks Corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. The investment would provide cash inflows of $3,000 per year for six years. The working capital would be released for use elsewhere when the project is completed. If the company's discount rate is 10%, the investment's net present value is closest to (Ignore income taxes.): Present value of $1; n=6 & i=10% -> 0.564 Present value of an annuity of $1; n=6 &i=10% -> 4.355 $8.705 o $3.000 O $5.640 O $13,065 Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment $ 30,000 $ 6,500 Annual cash inflows $0 Salvage value of equipment Life of the investment Required rate of return 15 years 10 % Present value of an annuity of $1; n=15&i=10% -> 7.606 The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. $19,439 $23.500 $49.439 $60,000 Basey Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 510,000 Working capital $ 30,000 Annual cash flow $ 173,000 per year $ 15,000 Salvage value at the end of the project Expected life of the project 4 years Discount rate 15 % Present value of $1; n=4&i=15% ->0.572 Present value of an annuity: n=4&i=15% -> 2.855 The working capital would be released for use elsewhere at the end of the project. The net present value of the project is closest to: $19.048) $ 188,000 $(20.345) $(39.048)