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Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.) Investment required in equipment $530,000 Annual cash inflows $74,000 Salvage

Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.)

Investment required in equipment $530,000
Annual cash inflows $74,000
Salvage value $0
Life of the investment 20 years
Discount rate 10%

Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables.

The net present value on this investment is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.)

$74,000

$100,036

$70,750

$530,000

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