Concord recently invested in a project with a 3-year life span. The net present value was $6600 and annual cash inflows were $17000 for year 1; $19000 for year 2; and $21000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was Present Value PV of an Annuity Year of 1 at 15% of 1 at 15% 1 0.870 0.870 2 0.756 1.626 3 0.658 2.283 $42990. $36102. $36372. $30906