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Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.)...

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Accounting

Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.)

Investment required in equipment $560,000
Annual cash inflows $82,000
Salvage value $0
Life of the investment 16 years
Discount rate 9%

Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables.

The net present value on this investment is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.)

$78,750

$560,000

$82,000

$121,666

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