A company is considering an investment opportunity with a cost of $5,000 that will provide future cash flows of $8,000. The cash flows for the investment for the next 4 years are: $1,000, $2,000, $3,000 and $2,000. Assume a required rate of return of 10%. The NPV is $ (rounded to nearest dollar).

Present Value of 1

	Rate
Periods	10%
1	0.9091
2	0.8264
3	0.7513
4	0.6830

Present Value of an Annuity of 1

	Rate
Periods	10%
4	3.1699