Cleaners, Inc $\quad$ $\quad$ $\quad$ $\quad$ $\quad$

Cleaners, Inc.is considering purchasing equipment costing $30,000 with a 6-year useful life.The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value.Cleaners, Inc.requires a 10% rate of return.What is the approximate net present value of this investment? $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Present Value of an Annuity of } 1$
$\begin{array}{lllllll}\underline{\text { Period } }& \underline{8 \%} &\underline{9 \%} & \underline{10 \%} &\underline{11 \%} & \underline{12 \%} &\underline{15 \%}\\6 & 4623 & 4486 & 4355 & 4231 & 4111 & 3784\end{array}$

A) $13,800
B) $1,792
C) $886
D) $2,748