value 2.75 points TB MC Qu. 08-117 (Ignore income taxes in this problem.) The Sawyer... The Terra's Piano, Inc. has $95,000 to invest and is considering two different projects: "Ebony" and "Ivory". The following data are available on the projects: Click here to view Exhibit 8B-1 and Exhibit 8B-2 to determine the appropriate discount factor(s) using tables. Cost of equipment needed now Working capital requirement Annual cash operating inflows Salvage value in 5 years Project Ebony Project Ivory $ 95,000 $ 95,000 $ 22,000 $ 17,000 $ 6,000 Both projects will have a useful life of 5 years; at the end of 5 years, the working capital will be released for use elsewhere. Terra's Piano, Inc. has a discount rate of: 5%. The net present value of project "Ivory" is closest to: (Ignore income taxes in this problem.) $37,933 O $53,073 $10,333 ($10,333)