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The following data pertain to an investment proposal: Cost of the investment .......... $20,000 Annual cost savings ............. $ 5,000 Estimated salvage value ......... $

The following data pertain to an investment proposal: Cost of the investment .......... $20,000 Annual cost savings ............. $ 5,000 Estimated salvage value ......... $ 1,000 Life of the project ............. 8 years Discount rate ................... 16% The net present value of the proposed investment is

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