Ten years ago, an investor purchased a project for $300,000 He anticipated a salvage value of $60,000 after 10 years. During this time, his werage annual revenue totaled $52,000, (a) Did he recover his investment and a 12% per year return? Assume the annual M&O cost was $10,000 the first year and increased by a constant $1000 per year. The recovery cost is closest to: -49675 -49575 49775 0 48675