NPV
Harperge
Question
(Ignore income taxes in this problem.) The following data pertain to an investment proposal:
| Cost of the investment | $30,000 |
| Annual cost savings | $9,000 |
| Estimated salvage value | $4,000 |
| Life of the project | 5 years |
| Discount rate | 12% |
The net present value of the proposed investment is closest to:
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