Bully Inc. is analyzing a special investment project. The pr…

Bully Inc. is analyzing a special investment project. The project will require the purchase of two machines for $30,000 and $8,000. The total residual value at the end of the project is $1,500. The project will generate cash inflows of $11,000 per year over its 5-year life. If Bully requires a 6% return, what is the net present value of this project?Selected information from the PV tables:PV of $1 n=5, i=6: .747PV of an Annuity n=5, i=6: 4.212