The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment $ 44,000
Annual cost savings $ 14,000
Estimated salvage value $ 3,000
Life of the project 5 years
Discount rate 13%
To determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed investment is closest to:.
a. $6,867.
b. $5,238.
c. $1,629.
d. $27,000.