The following data pertain to an investment proposal (Ignore income taxes) Amount \$94, Description Cost of the investment Annual Cost Savings Estimated salvage value Life of the project Discount rate $28,000 $12,000 10 years Use the following selection from the present value tables, to calculate the net present value of the propose The net present value of the proposed investment is closest to Present Value of $1 Period 0 0.437 10 0.422 0.191 20 0 .178 0.037 L Value of an Annuity of 1 3.890 3.127 10 4,494 20 .129 5.353 A. ( 34,724 ) B. $ 34,124 $ 29,540 D. $31,832