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The following data pertain to an investment proposal: Cost of the investment $30,000 Annual cost savings $9,000 Estimated salvage value $4,000 Life of the project
The following data pertain to an investment proposal: Cost of the investment $30,000
Annual cost savings $9,000
Estimated salvage value $4,000
Life of the project 5 years
Discount rate 12%
The net present value of the proposed investment is closest to?
$4,713
$2,445
$2,268
$19,000
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