The net present value of the proposed investment is closest to $5,146.
Net present value = Present value of cash-flows - Initial investment
<u>Given Information</u>
PV of cashflows at 18%
Cash flows                            PV at 18%     P.V. of cash-flows 
$12,000 (Cost saving)            3.127                 $37,524
$6,000 (Salvage)                   0.437                 <u>$2,622</u>
Total                                                                   <u>$40,146</u>
 
Net present value = $40,146 - $35,000
Net present value = $5,146
Therefore, the net present value of the proposed investment is closest to $5,146.
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