Capital investment appraisal: An opportunity exist to invest in a project which lasts for 4 years, requires an initial investment of 80,000. The investment has no residual value at the end of year 4, and has the following net cash flows during its life: Years 1-3 32,000 and Year 4 24,000. The required rate of return is 14% Yr Discount factor at 14% 1 0.877 2. 0.770 3 0.675 4 0.592 What is the net present value