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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

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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% (Ignore income taxes.)? Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. $8,000 O $12.882 O $24,840 O $10,551

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