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The following data pertain to an investment proposal: Investment in the project (equipment) $15,000 Net annual cash inflows promised $4,000 Working capital required $6,000 Salvage

The following data pertain to an investment proposal: Investment in the project (equipment) $15,000 Net annual cash inflows promised $4,000 Working capital required $6,000 Salvage value of the equipment $1,000 Life of the project 10 years The working capital would be released for use elsewhere when the project is completed. What is the net present value of the project, using a discount rate of 8%? $251. $5,251. $3,525. ($251)

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