Upper Darby Park Department is considering a new capital investment. The following information is available on the investment The cost of the machine wil be 5300,000. The annual cost savings if the new machine is acquired will be $80,000. The machine will have a 5-year life, at which time the terminal disposal value is expected to be $40,000 Upper Darby Park Department is assuming no tax consequences. If Upper Darby Park Department has a required rate of retum of 10%, which of the following is closest lo the present value of the project? Present Value of $1.00 Rate 8% 10% 12% 14%ca Period a 1a 9259 90918929.8772a 20 8573 82647972 7695 7938.7513.7118.6750u .7350 6830.6355 5921 a .6806620956745194a 4a Sa Present-Value of$1.00 Received per Period" Rate 896 10% 12% 14%a Period 10 9259 9091: 8929 8772a 1.7833 1.7355 1.69011.6467a 2.5771 2.4869 2.4018 2.3216a 3.3121 3.1699 3.0373 2.9137a 20 3.99273.7908 3.6048 3.4331a So $3.264 $24 836 up