B) ir brty MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 2) A manager is considering the following investment Initial capital investment Estimated useful life Estimated disposal value in 3 years Estimated annual savings in cash operating costs Minimum desired rate of return Present value of ordinary annuity, 3 periods at 10% Present value of one, 3 periods at 10% $180,000 3 years $80,000 10% 2.4869 0.7513 Assume straight-line depreciation is used. Ignore income taxes. The net present value of the investment is A) $198,952 B) $60,000 C) $(123,652) D) $18,952