(Present value tables are required. )Calby Enterprises is evaluating the purchase of a new computer network system.The new system would cost $25,000 and have a useful life of 6 years.At the end of the system's life,it would have a residual value of $3,000.Annual operating cost savings from the new system would be $8,800 per year for each of the six years of its life.Calby Enterprises has a minimum required rate of return of 12% on all new projects.The net present value of the new network system would be closest to

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The Answer of (Present value tables are required. )Calby Enterprises is evaluating the purchase of a new computer network system.The new system would cost $25,000 and have a useful life of 6 years.At the end of the system's life,it would have a residual value of $3,000.Annual operating cost savings from the new system would be $8,800 per year for each of the six years of its life.Calby Enterprises has a minimum required rate of return of 12% on all new projects.The net present value of the new network system would be closest to

(Present Value Tables Are Required