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The following data pertain to an investment proposal (Ignore income taxes.): 11 Cost of the investment Annual cost savings $38,000 $11,000 $ 3,000 Estimated salvage
The following data pertain to an investment proposal (Ignore income taxes.): 11 Cost of the investment Annual cost savings $38,000 $11,000 $ 3,000 Estimated salvage value Life of the project 5 years Discount rate 12% Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed investment is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $1,701 $24,000 $1,655 $3,356
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