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

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Accounting

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

Cost of the investment $ 35,000
Annual cost savings $ 12,000
Estimated salvage value $ 6,000
Life of the project 5 Years
Discount rate 18%

The net present value of the proposed investment is closest to:

Multiple Choice

$2,622

$5,146

$2,524

$31,000

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