A given project requires a $78,000 investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 Year 2 Year 3 $32,000 $33,000 $32,000 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

$80,406

($27,273)

($58,603)

$2,406

$0