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Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 N 0.890 0.826 0.797

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Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 N 0.890 0.826 0.797 3 0.840 0.751 0.712 0.636 4 0.792 0.683 5 0.747 0.621 0.567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 2.402 3 2.673 2.487 3.170 4 3.465 3.037 3.605 5 4.212 3.791 Using the tables above, if an investment is made now for $23,250 that will generate a cash inflow of $7,750 a year for the next four years, what would be the net present value (rounded to the nearest dollar) of the investment, assuming an earnings rate of 10%? Oa. $23,250 Ob. $7,750 Oc. $1,318 Od. $24,568

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