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  3. he following data pertain to an investment proposa

he following data pertain to an investment proposal (Ignore income taxes.): ...

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Accounting

he following data pertain to an investment proposal (Ignore income taxes.):

Cost of the investment $ 54,000
Annual cost savings $ 16,000
Estimated salvage value $ 7,000
Life of the project 5 years
Discount rate 12 %

Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided.

The net present value of the proposed investment is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

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