WonderfulDay Company is evaluating a capital investment opportunity. This project would require an initial investment of $34,000 to purchase equipment. The equipment will have a residual value at the end of the life of $3,000. The useful of the equipment is 4 years. The new project is expected to generate addisonal net cash indows of $16,000 per year for each of the four years. The company's required rate of return is 10% The net present valus of this project cost to Present Viue of $1 Prod 10% 12% 14% 10% 0751 0712 0675 0641 0.083 0.036 0.552 0.021 0.567 0519 0,476 0.564 0507 0.456 0.410 Present Value of Annuity of $1 Periods 10% 12% 14% 10% 2.487 2.402 2.302 2240 3.170 3037 2.914 2.700 3.791 3605 3433 3274 4.355 4.111 3800 3645 OA $2.993 OB $29,547 OC. $16.720 OD. $18,769