Question 27 10 pts Option 2: The 3D printer costs $2,000 and will last 3 years. The printer is expected to have a residual value of $100 at the end of its useful life. The company determines an appropriate discount rate of 12% for this project. The company believes that using the printer will reduce operating costs each year by the following amounts: Year 1 $700 Year 2 $775 Year 3 $850 Ignoring income tax effects, what is the net present value of the 3D printer? Present Value of $1 Periods 10% 1296 1496 169 1 0.909 0.893 0.877 0.862 2 0.826 0.797 0.769 0.743 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 Present Value of Annuity of $1 Periods 10% 129 149 1696 1 0.909 0.893 0.877 0.662 2. 1.736 1.690 1.647 1.605 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