Mini Inc Is Contemplating a Capital Project Costing $47,019 This Project Is
A)unacceptable Because It Earns a Rate Less

Mini Inc. is contemplating a capital project costing $47,019. The project will provide annual cost savings of $18,000 for 3 years and have a salvage value of $3,000. The company's required rate of return is 10%. The company uses straight-line depreciation. $\begin{array}{llr}\text { Year } &\text { Present Value } & \text { PV of an Annuity } \\&\text { of } 1 \text { at } 10 \%&\text { of } 1 \text { at } 10 \%\\1 & .909 & .909 \\2 & .826 & 1.736 \\3 & .751 & 2.487\end{array}$ This project is

A) unacceptable because it earns a rate less than 10%.
B) acceptable because it has a positive NPV.
C) unacceptable because it has a negative NPV.
D) acceptable because it has a zero NPV.