Wonderful Day Company is evaluating a capital investment opportunity This project would require an initial investment of 534,000 to purchase equipment. The equipment will have a residual value at the end of its life of $1.000 The useful life of the equipment is 3 years. The new project is expected to generate additional net cash inflows of S21 000 per year for each of the three years. The company's required rate of return is 12%. The not present value of this project is closest to Present Value of 51 Periods 105 12% 14% 16% 0.751 0.712 0.675 0.636 0.592 0552 0.567 0519 0476 0 507 0.456 0.641 4 0.683 0.621 0.564 0.410 Present Value of Annuity of 51 Periods 10% 12% 14% 13 169 335 O A $3.384 O $25.946 OC 516 442 ODS17.154 Present Value of $1 Periods 3 4 5 6 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 Present Value of Annuity of $1 Periods 10% 3 2.487 4 3.170 5 3.791 6 4.355 C) UN 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