A given project requires a $36,000 investment and is expected to generate end-of-period annual cash inflows as follows:

Year 1	Year 2	Year 3
$16,000	$17,000	$16,000

Assuming a discount rate of 10%, what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below:

i = 10%	i = 10%	i = 10%
n = 1	n = 2	n = 3
0.9091	0.8264	0.7513

$0

$4,616

($14,050)

($27,047)

$40,616