The following data pertain to an investment proposal Ognore income taxes] Cost of the investment $ 62,000 Annual cost savings $ 18,000 Estimated salvage value at the end of the $ 6,000 life of the project Life of the project Discount rate 5 years 12% 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 $3.402 < Prev 10 of 32 Next >