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Following is a table for the present value of $1 at compound interest: Year 1 2 3 4 5 6% 0.943 0.890 0.840 0.792 0.747

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Following is a table for the present value of $1 at compound interest: Year 1 2 3 4 5 6% 0.943 0.890 0.840 0.792 0.747 10% 0.909 0.826 0.751 0.683 0.621 12% 0.893 0.797 0.712 0.636 0.567 Following 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 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables provided, if an investment is made now for $22,200 that will generate a cash inflow of 57,400 a year for the next 4 years, the net present value (rounded to the nearest dollar) of the investment, assuming an earnings rate of 10%, is Oa. $7,400 Ob. $1,258 Oc. $23,458 Od. $22,200

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