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A company is considering a project with annual after-tax cash flows of $5,800.00 per year for six years. The company's cost of capital is 14

A company is considering a project with annual after-tax cash flows of $5,800.00 per year for six years. The company's cost of capital is 14 percent. Present and future value factors for a 14 percent interest rate for six years are as follows:

Future value of $1

2.195

Present value of $1

0.456

Future value of a series of equal payments

8.536

Present value of a series of equal payments

3.889

Using the net present value method, what is the maximum amount that the company should invest?

$2,644.80

$22,556.20

$49,508.80

$12,731.00

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