Morrisey Company has two investment opportunities. Both investments cost $5200 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		$	1100				$	1100
Period 2			1100					2120
Period 3			2100					3140
Period 4			4160					2100
Total		$	8460				$	8460

What is the net present value of Investment II assuming an 10% minimum rate of return? Use Exhibit 13B-1 and Exhibit 13B-2 above to determine the appropriate discount factor(s). (Do not round intermediate calculations. Round your answer to nearest whole dollar.)

Select one:

A.

$6546

B.

$1346

C.

$8460

D.

$(6328)