Question 49 2 pts Michael Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $36,000 to purchase equipment. The equipment will have a residual value at the end of its life of $5000. The useful life of the equipment is 4 years. The new project is expected to generate additional net cash inflows of $19,000 per year for each of the four years. Michael's required rate of return is 10%. The net present value of this project is closest to: Present Value of $1 Periods 10% 10.751 0.683 0.621 0.564 12% 0.712 0.636 0.567 0.507 14% 0.675 0.592 10.519 0.456 16% 0.641 0.552 0.476 10.410 110% Present Value of Annuity of $1 Periods 12% 2.487 2.402 3.170 .037 3.791 3.605 4 .355 4.111 14% 2.322 2.914 3.433 3.889 16% 2.246 2.798 3.274 5.685 6 $10,941 O $27,645 $24,230 $39,057