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Please help me solve this problem. Here is the complete question. 28. (Ignore income taxes in this problem.) The following data pertain to an investment

Please help me solve this problem. Here is the complete question.

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28. (Ignore income taxes in this problem.) The following data pertain to an investment proposal: Cost of the Investment $40,000 Annual cost savings $11,000 Estimated salvage value $5,000 Life of the project 5 years Discount rate 10% The net present value of the proposed investment is closest to: $3,105 O $4,806 $24,000 $1,701

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