QUESTION 24 Hadden Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $45,000 to purchase equipment. The equipment will have a residual value at the end of its life of $2,000. The useful life of the equipment is 6 years. The new project is expected to generate additional net cash inflows of $22,000 per year for each of the six years. The company's required rate of return is 12%. The net present value of this project is closest to Present Value of $1 Periods 10% 12% 14% 16% 3 0.751 0.712 0.675 0.641 A 0.683 0.636 0.592 0.552 0.621 0.567 0.519 0.476 6 0.564 0.507 0.456 0.410 Present Value of Annuity of $1 Periods 10% 12% 14% 16% 3 2.487 2.402 2.322 2.246 A 3.170 3.037 2.914 2.798 5 3.791 3.605 3.433 3.274 6 4.355 4.111 3.889 3.685 $2,626. $68,641. O $46,456. O $45,442