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4. An investment will cost USD 1,000 on January 1, 2015 and will offer the following payouts: Date promised June 30, 2015 December 31,

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4. An investment will cost USD 1,000 on January 1, 2015 and will offer the following payouts: Date promised June 30, 2015 December 31, 2015 June 30, 2016 December 31, 2016 Amount 50 50 50 1,050 What is the NPV of this investment if alternative investments offer a nominal APR of 5% ? Round your answer to the nearest pound. 94 74 -35 O -23 83

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