The following data pertain to an investment proposal: Cost of the Investment Annual cost savings Estimated salvage value Life of the project Discount rate $48.000 $14,000 $4,000 5 years 107 Present value of $1: EXHIBIT 11B-1 Present Value of $1; 1 Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.812 0.797 0.783 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.731 0.712 0.693 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.659 0.636 0.613 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.480 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452 0.425 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.434 0.404 0.376 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.676 0,614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0.295 PV of an annuity: EXHIBIT 11B-2 Present Value of an Annuity of $1 in Arrears; 41 - Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.713 1.690 1.668 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.444 2.402 2.361 3,630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 3.037 2.974 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.696 3.605 3.517 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.231 4.111 3.998 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.712 4.564 4.423 6.733 6.463 6.210 5.9715.747 5.535 5.335 5.146 4.968 4.799 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.537 5.328 5.132 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.889 5.650 5.426 The net present value of the proposed investment is closest to: The net present value of the proposed investment is closest to: O2,484 O 30,000 O 5,074 0 7,558