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Henrico Company has two investment opportunities. Both investments cost $5,100 and will provide the same total future cash inflows. The cash receipt schedule for each

Henrico Company has two investment opportunities. Both investments cost $5,100 and will provide the same total future cash inflows. The cash receipt schedule for each investment is given below:

Investment I Investment II
Period 1 $ 1,050 $ 1,050
Period 2 1,050 2,060
Period 3 2,050 3,070
Period 4 4,080 2,050
Total $ 8,230 $ 8,230

The net present value of Investment II assuming an 10% minimum rate of return would be which of the following amounts? (Do not round your PV factors and intermediate calculations. Round your answer to the nearest whole dollar.)

$6,364

$6,149

$1,264
$8,230

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