This Question: 2 pts 23 of 29 (16 complete) This Test: 100 pts possible Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $37,000 to purchase equipment. The equipment will have a residual value at the end of its life of $3,000. The useful life of the equipment is 6 years. The new project is expected to generate additional net cash inflows of $23,000 per year for each of the six years. Coyne's required rate of return is 12%. The net present value of this project is closest to Click the icon to view the present value of $1 table.) (Click the icon to view the prosent value of annuity of $1 table.) O A $59,074 OB. $23,036 OC. $57,553 OD. $77,315 Click to select your answer ec pe Present Value of $1 Periods 3 4 10% 0.751 0.683 0.621 0.564 12% 0.712 0.636 0.567 0.507 14% 0.675 0.592 0.519 0.456 16% 0.641 0.552 0.476 0.410 5 6 Print Done Data Table Present Value of Annuity of $1 Periods 10% 3 2.487 4 3.170 5 3.791 6 4.355 12% 2.402 3.037 3.605 4.111 14% 2.322 2.914 3.433 3.889 16% 2.246 2.798 3.274 3.685 Print Done