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A project requires a $41,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 Year 2 Year 3 $

A project requires a $41,000 initial investment and is expected to generate end-of-period annual cash inflows as follows:

Year 1 Year 2 Year 3
$ 18,500 $ 19,500 $ 18,500

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 = 13%
n = 1 n = 2 n = 3
0.8850 0.7831 0.6931

Group of answer choices

$44,465

$3,465

$(13,197)

$(3,836)

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