A project requires a $38,000 initial investment and is expected to generate end-of- period annual cash inflows as follows: Year 1 Year 2 Year 3 Total $ 15,200 $ 9,600 $ 13,200 $ 38,000 Assuming a discount rate of 13%, 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: i = 13% i = 13% i 1 n = 2 0.7831 n = 0.8850 O $0 $27,740 $(11,662) $30,119 $(7,881) = 13% n = 3 0.6931

A project requires a $38,000 initial investment and is expected to generate end-ofperiod annual cash inflows as follows: Assuming a discount rate of 13%, 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: i=138n=10.8850i=13%n=20.7831i=13%n=30.6931 $0 $27,740 $(11,662) $30,119 $(7,881)