Renewable E Company is analyzing a special investment project. The project will require the purchase of two machines for $40,000 and $7,000 (both machines are required). The total residual value at the end of the project is $1,100. The project will generate cash inflows of $15,000 per year over its 8-year life. If the company requires a 6% return, what is the net present value (NPV) of this project? Present Value of $1 Period 6 8 10 4% 0.790 0.731 0.676 0.625 6% 0.705 0.627 0.558 0.497 8% 0.630 0.540 0.463 0.397 12 Present Value of Annuity of $1 Periods 4% 6 5.242 6% 4.917 C240 8% 4.623 C732 E O A. $46,840 OB. $9,732 OC. $46,150 OD. $8,755 Present Value of $1 Period 6 8 10 12 4% 0.790 0.731 0.676 0.625 6% 0.705 0.627 0.558 0.497 8% 0.630 0.540 0.463 0.397 Present Value of Annuity of $1 Periods 4% 6 5.242 8 6.733 10 8.111 12 9.385 6% 4.917 6.210 7.360 8.384 8% 4.623 5.747 6.710 7.536 A. $46,840 B. $9,732 C. $46,150 OD. $8,755