12. You are offered an investment with returns of $ 2,830 in year 1, $ 3,223 in year 2, and $ 4,736 in year 3. The investment will cost you $ 6,962 today. If the appropriate Cost of Capital (quoted interest rate) is 9.4 %, what is the Net present Value of the investment? Enter your answer to the nearest $.01. Do not use the $ sign or commas in your answer. If the NPV is negative, use the - sign.

Your Answer: _________