A company wants to have $40,000 at the end of a five-year period through investment of a single sum now. How much needs to be invested in order to have the desired sum in five years, if the money can be invested at 10% (gnore income taxes? Present value factors: Present value of $1 table: 5 years 10% -0.621 Present value of annuity table: 5 years 10% 3.791 $10,551 $8,000 $12,882 $24,840