QUESTION 12 Boulder Milling is evaluating a proposal to invest in a new piece of equipment costing $100,000 with the following annual cash flows over the equipment's 4-year useful life: The cashflows for each year is 56,000. The Cost of Capital or discount rate is 12% Period 12% 14% 16% 18% 4 3.037 2.914 2.798 2.690 5 3.605 3.433 3.274 3.127 6 4.111 3.889 3.685 3.498 The investment's net present value is: A OB oc OD A. $ 4,904 B. $63,184 C. $70,072 D. $81,592 10