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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