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The following data pertain to an Investment proposal (Ignore...

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Accounting

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The following data pertain to an Investment proposal (Ignore income taxes) Cost of the investment Annual cost savings Estinated salvage value Life of the project Discount rate $60,000 $18,000 $ 7,000 5 years 13% 04 02 Click here to view Exhibit 13B-1 and Exhibit 138-2, to determine the appropriate discount factorts) using the tables provided The net present value of the proposed investment is closest to: (Round your intermediate caleculations and final answer to the nearest whole dollar amount. Multiple Choice $7307 3.306 $3.801

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