O 03:14:59 Hide Timer Question 16 View Policies Current Attempt in Progress Splish Brothers Co, purchased some equipment 3 years ago. The company's required rate of return is 12% and the net present value of the project was $(18001 Annual cost savings were: $21000 for year 1:$17000 for year 2; and $13000 for year 3. The amount of the initial investment was Year Present Value PV of an Annuity of 1 at 12% of 1 at 12% 0.893 0.893 0.797 1.690 0.712 2.402 $39758 $43358 $42634 $39034 Save for Later Attempts: 0 of 2 used Subalt