The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment $ 38,000 Annual cost savings $ 11,000 Estimated salvage value at the end of the $ 3,000 life of the project Life of the project 5 years Discount rate 121 Click here to view Exhibit 148-1 and Exhibit 148-2. 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 $1655 $1,701