Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of...

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Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to purchase equipment. The equipment will have a residual value at the end of its life of $2000. The useful life of the equipment is 5 years. The new project is expected to generate additional net cash inflows of $20,000 per year for each of the five years. Coyne's required rate of return is 12%. The net present value of this project is closest to: Present Value of $1 Periods 10% 12% 14% 16% 3 0.751 0.712 0.675 0.641 4 0 683 0.636 0.592 0.552 5 0.621 0.567 0.519 0.476 6 0.564 0.507 0.456 0.410 Present Value of Annuity of $1 Periods 10% 12% 14% 16% 3 2.487 2 402 2.322 2 246 4 3.170 3.037 2.914 2.798 5 3.791 3.605 3.433 3.274 6 4 355 4.111 3.889 3.685 Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to purchase equipment. The equipment will have a residual value at the end of its life of $2000. The useful life of the equipment is 5 years. The new project is expected to generate additional net cash inflows of $20,000 per year for each of the five years. Coyne's required rate of return is 12%. The net present value of this project is closest to: Present Value of $1 Periods 10% 12% 14% 16% 3 0.751 0.712 0.675 0.641 4 0 683 0.636 0.592 0.552 5 0.621 0.567 0.519 0.476 6 0.564 0.507 0.456 0.410 Present Value of Annuity of $1 Periods 10% 12% 14% 16% 3 2.487 2 402 2.322 2 246 4 3.170 3.037 2.914 2.798 5 3.791 3.605 3.433 3.274 6 4 355 4.111 3.889 3.685