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A project requires a $37,000 initial investment and is expected to generate end-of-period annual cash inflows as follows Year 1 Year 2 $ 16,500

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A project requires a $37,000 initial investment and is expected to generate end-of-period annual cash inflows as follows Year 1 Year 2 $ 16,500 $ 17,500 Year 3 $ 16,500 Assuming a discount rate of 12%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factors for a single sum are shown in the table below 1-12 A 1 0.8929 1-126 0-3 1-12 0-2 0.7972 0.7118 Multiple Choice O O O 50 $1,240 $40,429 $0.98) $3.429

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