Question 11 2 pts The Quality Production Inc. would like to purchase new production equipment for $85,000. The equipment is expected to generate a cost savings of $23,000 per year for ve years. The company's required rate of return is 11 percent. Factors for an 11 percent rate for ve years are shown below: Present Value of $1 0.594 Present Value of an Annuity 3.700 The net present value of the project is (round a|| calculations to the nearest dollar): $6,839 0 $100 0 $2,193 0 $30,000