Atlantic Industries is evaluating a proposal which has an initial investment of $85,000 and has cash inflows of $22,000 per year for six years. The item can be sold at the end of the project for $4,000. If the firms discount rate is 8%, the net present value of the project is:

Present Value of $1
Periods	4%	6%		8%	10%	12%
1	.962	.943		.926	.909	.893
2	.925	.890		.857	.826	.797
3	.889	.840		.794	.751	.712
4	.855	.792		.735	.683	.636
5	.822	.747		.681	.621	.567
6	.790	.705		.630	.564	.507
7	.760	.665		.583	.513	.452
Present Value of a Series of $1 Cash Flows
Periods	4%		6%	8%	10%	12%
1	0.962		0.943	0.926	0.909	0.893
2	1.886		1.833	1.783	1.736	1.690
3	2.775		2.673	2.577	2.487	2.402
4	3.630		3.465	3.312	3.170	3.037
5	4.452		4.212	3.993	3.791	3.605
6	5.242		4.917	4.623	4.355	4.111
7	6.002		5.582	5.206	4.868	4.564