Whispering Winds Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(2500). Annual cost savings were: $27000 for year 1, $23000 for year 2: and $18000 for year 3. The amount of the initial investment was Present PV of an Value Annuity Year of 1 at 12% of 1 at 12% 0.893 0.893 1 2 0.797 1.690 3 0.712 2.402 O $52746 O $57746 O $57758 O $52758