A project requires a $28,500 initial investment and is expected to generate end-of-period annual cash inflows of $12,000 for each of three years. 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% n = 1 0.9091 O O i 10% n = 2 0.8264 Multiple Choice O = $0 $2,668 $(7,461) $1,342 i = 10% n = 3 0.7513 E

A project requires a 528,500 intisf investrment and is expected to generate end-of.penod annual cash mitlows of \$12 ooo for eech of three ypars. Astuming a discount rate of 10\%. what is the net present value of this investment? Selected present value factars for a sangle sum are ahown in the table below Muside choce 52664 \$134