An investment that costs $24,000 will produce annual cash flows of $4,800 for a period of 6 years. Further, the investment has an expected salvage value of $2,900. Given a desired rate of return of 11%, the investment will generate a (Do not round your PV factors and intermediate calculations. Round your answer to the nearest whole dollar):

Multiple Choice

• positive net present value of $20,306.

• negative net present value of $24,000.

• negative net present value of $1,550.

• negative net present value of $2,143.