Larkspur Co$.$ purchased equipment $3$ years ago. The company's required rate of return is $12\%,$ and the net present value of the project was $$(800).$ Annual cost savings were: $$12000$ for year $1$;$$10000$ for year $2$ ; and $$8000$ for year $3.$ The amount of the initial investment was

$\backslash$table$[[$Year$,\backslash$table$[[$Present$],[$Value$],[$of $1$ at$],[12\%$