#9

An investment that costs $24,500 will produce annual cash flows of $4,900 for a period of 6 years. Further, the investment has an expected salvage value of $2,950. Given a desired rate of return of 12%, what will the investment generate? (PV of $1 and PVA of $1 ) (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Round your answer to the nearest dollar.) A negative net present value of $2,860. A positive net present value of $24,500. A positive net present value of $20,729. A positive net present value of $1,577