Public Corporation is considering the purchase of a new piece of equipment and has gathered the following data: Investment in equipment $90,000 Annual net cash inflows $16,000 Salvage value of equipment $10,000 Life of the investment 8 years Required rate of return 12% The company uses straight-line depreciation on all equipment. The net present value of this investment is: $34,546 None of the other answers are correct $39,168 ($6,472) ($512)