9 A project requires a $32,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 $ 12,800 Year 2 $ 8,400 Year 3 $ 10,800 Total $ 32,000 01:51:52 Skloped Assuming a discount rate of 14%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factors for a single sum are shown in the table below: i = 14% n = 1 8.8772 i = 14% ne2 0.7695 i = 14 n = 3 0.6750 Multiple Choice $o $23,680 O $(10,400) $24,982