Plant Company is contemplating the purchase of a new piece of equipment for $47.000. Piant is in the 30% income tax bracket. Predicted annual after-tax cash inflows from this investment are $20,000, $10,000, $16,000, $7,000 and $5,000 for years 1 through 5, respectively. The firm uses straight-line depreciation with no residual value at the end of five years. Assume that the hurdle rate for accepting new capital investment projects for the company is 4%, after-tax. (Note: PV 51 factors for 4% are as follows: for year1=0.962, for year 2 = 0.925, for year 3 = 0.889, for year 4 = 0.855, for year 5 = 0.822, the PV annuity factor for 4%, 5 years = 4.452.) At an after-tax discount rate of 4%, the estimated net present value (NPV) of the proposed Investment is (rounded to the nearest hundred dollars): Multiple Choice ($5,300) JANA ($5,300) O ($11,000). O $5,800. ($8,300) ($2,000)