3 Viewist Watch Company, Inc., is considering a long-term investment. It will require an investment of $40,000. It will have a useful life of 2 years, and no salvage (i.e., ending) value. Annual cash savings from the investment are $22,000. Assume that cash flows other than the initial investment occur at the end of the year, and that the cost of capital (i.e., discount rate) is 10%. Calculate the net present value of the investment. 1 point $3,636 $4,000 ($3,636) ($1,818)