The following data pertain to an investment proposal ignore income taxes) Description Cost of the investment Amount $94.000 Annual Cost Savings $28.000 $12.000 Estimated salvage value Life of the project Discount rate Use the following selection from the present value tables, to calculate the net present value of the proposed investment The net present value of the proposed investment is closest to: Present Value of an Annuity of 51 Present Value of $1 Period 9% 18% 5 0.437 10 0.650 0.422 0.178 0.191 106 20 893.127 .418 4494 9.129 5353 20 0.037 A (34724) $34,124 C 529.540 0 531,832